on 02-04-2011 2:49 PM
Can someone please explain to me why one would create a credit memo referencing an invoice as opposed to a sales order? What would the business scenario be for this case?
Thanks,
Because Invoice is the official document for transactions. Your customer has got the original invoice and not sales order. So while sending Credit/Debit note print to customer you need to mention the invoice no. on it. It becomes easy to print invoice no.
Also, always order and invoice may not have 1:1 relationship.
There may be cases that ordered quantity and price and that of invoice varies. Invoice quantity, price, terms are considered as final.
Thanks
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Its right procedure to reference invoice when issuing Credit or Debit notes. This will keep the accounting right. If you create credit memo with reference to an Order and if this order is not invoiced yet, there will be wrong accounting.
Also when processing returns, its recommended to reference invoice.
Regards
Sai
User | Count |
---|---|
91 | |
7 | |
7 | |
4 | |
3 | |
3 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.