...
For the AR Manager to approve the CRM, you must include adequate documentation in Notes and Attachments. Once the CRM is approved, the revenue that was received when the invoice was created will be reversed.
To create a Customer Credit Memo,
Navigate to Accounts Receivable & Cash.
Click on Customer Credit Memo.
Enter the original invoice number or the invoice number to be canceled.
Click Continue.
In the Description field, enter your 4-digit organization code, abbreviated department name, and the invoice number to be canceled. The Explanation is optional. This text can be copied to the Notes and Attachments as justification for the cancellation.
Enter either the quantity or amount you are canceling, but not both.
Click Recalculate.
Copy the text from the explanation above.
Attach backup documentation and/or emails justifying the cancellation.
Click ADD.
Click Submit.
Once you click Submit, the Document was Successfully Submitted message will appear. In the image below, the status updates from INITIATED to ENROUTE.
| Note | title | Note
|---|
Customer Credit Memos are created to cancel charges on customer accounts. When a Customer Credit Memo is created, it is extremely important for departments to enter a note in the Notes and Attachments section of the Customer Credit Memo eDoc. If your department is audited, you must provide documentation as to why you credited the customer’s account. Be sure to enter a note describing the reason for the credit on the account/cancellation of the invoice. The more information (emails/correspondence) you provide, the better. |
Related Articles
| Filter by label (Content by label) | ||||||||
|---|---|---|---|---|---|---|---|---|
|
...
|
...
|
...
|
| Page Properties | ||
|---|---|---|
| ||
|