credit/debit memo request

[Former Member]

hi,

1) credit memo request - After create invoice in vf01, then if credit memo needed, must create credit memo request in va01 then only can create credit memo in fb75?

2) debit memo request - After create invoice in vf01, then if debit memo

needed, must create debit memo request in va01 then only can create debit memo in fb70?

3) credit/debit memo can only be created after credit/debit memo request is created?

4) if credit/debit memo not created in fb75/fb70, where in sd can create?

5) credit/debit memo request done via which tcode if not va01.

thanks

[Former Member]

Hi,

1), 2) and 3): It's not necessary to create CMR/DMR before CM/DM respectively but it's recommended to refer it to with invoice (if created already) in order to avoid any mistakes. Nevertheless, you can directly create CM/DM wrt Orders.

4) and 5) You can create CM/DM using t code VF01 and choosing drop-down menu in "Billing type" field.

Reward if it helps

Samier Danish

[Former Member]

Hi Eliana,

1. A transaction that reduces Amounts Receivable from a customer is a credit memo. For eg. The customer could return damaged goods. A debit memo is a transaction that reduces Amounts Payable to a vendor because, you send damaged goods back to your vendor.

2. Credit memo request is a sales document used in complaints processing to request a credit memo for a customer. If the price calculated for the customer is too high, for example, because the wrong scale prices were used or a discount was forgotten, you can create a credit memo request. The credit memo request is blocked for further processing so that it can be checked. If the request is approved, you can remove the block. The system uses the credit memo request to create a credit memo.

You can use credit memos in Sales and Distribution (SD) for assigning credit memo requests to the open invoices and in Financial Accounting (FI) for assigning credit memos and payments to the open invoices and carry out clearing with them. If you use both Financial Accounting (FI) and Sales and Distribution (SD), there is a 1:1 relationship between the credit memo request and the credit memo item posted in Financial Accounting (FI). As soon as you bill the credit memo request together with other sales orders, or distribute the items of one credit memo request to several billing documents, the assignment is no longer valid and the system will not process it.

For credit memos, credit memo requests, and payments, you have the following assignment options:

- Assignment to a single invoice

- Assignment of a partial amount to an invoice

- Assignment to several invoices

When you post credit memos, the payment programme processes them automatically. If the credit memo is specifically related to a particular open invoice item, the payment program automatically attempts to offset the credit memo against the open item. If it is not possible to completely offset the credit memo against an invoice, you can post a debit memo to the vendor, who is to reimburse the amount. Then you can apply a multilevel dunning program.

3. Debit memo request is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low, for example, calculated with the wrong scaled prices, you can create a debit memo request. The debit memo request can be blocked so that it can be checked. When it has been approved, you can remove the block. It is like a standard order. The system uses the debit memo request to create a debit memo.

4. As mentioned above, creating a credit or debit memo request enables you to create credit or debit memos based on a complaint. For this first create a sales document with the order type for a credit or debit memo request. You can create the debit or credit memo requests in the following ways:

– Without reference to an order

– With reference to an existing order

Here you enter which order the complaint refers to.

– With reference to an invoice

Here you enter which invoice the complaint refers to.

In all cases, you specify the value or quantity that should be in the credit or debit memo

5. You can block the credit or debit memo request from being billed in Customizing. Go to Sales -> Sales Documents -> Sales document header -> Define sales document type and select the billing block field in the billing section. This request can later be reviewed along with similar ones, - if necessary, by another department. The request for a credit or debit memo can then be approved or rejected.

Credit memo and debit memo is created used the T.Code VF01, in which we have to choose the billing type as Credit Memo or Debit Memo.

Credit Memo Request or Debit Memo request are created using T.Code VA01, in which we have to select document type as G2 or L2.

Hope this gives you some idea.

REWARD IF HELPFUL.

Regards,

Praveen

[Former Member]

hi,

1) Credit memo and debit memo is created used the T.Code VF01, in which we have to choose the billing type as Credit Memo or Debit Memo. What is the different create credit memo and debit memo in FB75 or FB70 in fin as compared to VF01?

2) Credit Memo Request or Debit Memo request are created using T.Code VA01, in which we have to select document type as G2 or L2.

My question is in order to create credit memo, i must create credit memo request first? The same gooes to debit memo where i need to create debit memo request first then only can create debit memo?

thanks

[Former Member]

Hi Eliana,

T.codes FB75 or FB70 used by Financial Consultants to check or to give the Credit memo or debit memo amount to the concerned GL accounts. Its not related to SD consultants while creating Debit memo or Credit memo.

We have to use only VF01 for creating credit memo or debit memo.

After wards, Finance people check those with the concerned GL accounts with those Transactions.

Yes, using VA01 we create Debit memo request or credit memo request and while create that we give the earlier Invoice no. as reference invoice to which we are going to raise credit memo request or debit memo request.

Hope this is clear.

REWARD IF HELPFUL.

Regards,

Praveen