value dated cr memo

[Former Member]

Hello SDN!

Can i confirm with you the following is correct or not:

1. Is it right to say that if Value Dated CR memo field is not selected in cr

memo billing type, if cr memo billing date is after the posting period of the

baseline date for payment of the reference bill doc, FI would not be able to reconcile ?

2. does the Negative Posting field in billing type means that, normally, credit

memo and cancellations are posted on the opposite side of the T-account but with

this field, customers can post to the same side of the account with the posted value

negated so that the total is still zero balance and this is for display purpose only as the value of the postings are unaffected?

Question :

1. can there be a situation where cr memo billing date is earlier than the

reference billing doc eg F2 bill doc type? My understanding is a bill must exist first before a cr memo can be related to it.

regards

Tom

[Former Member]

~ bump ~

[Former Member]

~ bump ~