accounting document

[Former Member]

hi experts,

i am confused with the statement on the document flow that reads, " Accounting document 900044545*** 08.02.2011 Cleared"

does "Cleared" means the invoice has been paid or the accounting department have actioned the invoice.Can i create a credit memo when this status is raised.

I want to credit the contractor because some items were incorrect,is it ethical to process the credit memo?

[Former Member · Accepted solution]

Cleared means - money received from customer against the invoice.

You can create credit memo at any time after Billing document is created. Both would create separate liabilities and would get cleared separately.

Thanks

[Former Member]

Cleared means, custmoer paid the amount to company, you can create credit memo/debit memo after clearing the invoice.

[Former Member]

Hi,

Cleared means that an FI entry exists for the invoice,Take sales return and create a credit note.

Regards,

Siraj