regarding credit memeo

[former_member475526]

hi sap gurus,

can anybody tell me the sequence steps for "credit memo" in material Management

[former_member581212 · Accepted solution]

hi,

The most important thing about credit memo is... You can post credit memo based on already posted invoice..so to post credit memo it is must to have an invoice document...

Steps:

1. To to tcode MIGO

2. Enter doc type as credit memo

3. Enter invoice number and execute

4. change the qty as per your req.

5. check and save the document...

6. check the credit in the PO history...

hope it helps..

Regards

Priyanka.P

[Former Member]

Dear,

I give one example for credit memo.

Credit memo: -

Material quantity = 100, Rate = 10 no tax here.

Purpose: - It is used for debit amount from vendor bill.

If your create purchase order with 100 qty. Vendor send you 100 qty, Then you create good receipt for 100 qty with MIGO t-code.

Then material is send to quality for testing and during testing material 50 quantity is rejected from quality.

So in this case vendor bill is for 100 qty and amount is 1000.

Due to rejection you can't give 1000 rs to vendor.

So in this case you have to create MIRO with 100 quantity and 1000 Rs and Credit memo (Debit note) with 50 quantity and 500 Rs.

So finally only 500 Rs pay to vendor.

Entry in MIRO: -

Enter t-code MIRO, Select document type Credit memo and enter below mention detail.

Take reference of purchase order or Good receipt and enter Document date, Posting date, Amount,business place and select document type for detail tab.

After enter reference of purchase order enter quantity and amount for credit memo at item level

Finally click on save button.

Regards,

Mahesh wagh

[Former Member]

hi,

we can do it in 2 ways .

case 1:

Returns to vendor with MVT type 122 ( by using the GR document)

credit memo by using the invoice document ( in MIRO ).

case 2:

creating the returns PO .

do GR with ref to PO and return goods to vendor

do IV with ref to PO ( by selecting credit memo )

regards

venga

[former_member197616]

Hi,

Posting a credit memo is like reversing the invoice.Some times vendor sends the invoices for more amount or quantity.During that time we will post a credit memo to reverse the extra posted invoice.

At MIRO take the transaction as credit memo and refer the PO and post the credit memo for the extra entered the amount/qty.

Or you can revert the entire invoice entered previouly.

Regards,

[Former Member]

Generally credit memo is using in case of vendor returns, ex invoice is complete then you need to cancel the invoice and send back to the vendor. Then you can create the credit memo (MIRO- select option credit memo) with ref invoice post the credit memo. then you need to create the vendor return docuement in MBRL and send the goods back to vendor.

Credit memo is also useful any invoice difference already posted.

[Former Member]

Hi,

In MIRO ,You can do the credit memo.

You have to select Credit memo instead of Invoice.

Regards

vIVEK