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Debit Memos

The Debit Memo option is an accounts receivable adjustment. It allows for the entry of debit adjustments to a customer's open balance. Debit memos increase a customer's balance with a debit to accounts receivable and a credit to the selected account.

Note: Debit memos do not affect the gross margin reports.

Note: The sales rep and broker fields will only display if commissions are set to yes (Y=yes) in Ledger Options.

Available Actions

Using

Adding

Changing

Printing

Deleting

Debit Memo Fields

Customer	The customer ID code for the debit memo.
Account Balance	The amount currently owed by the customer.
Date Received	The date of the debit memo.
Reference Number	The reference number of the debit memo.
Debit Amount	The amount of the debit memo.
Description	A description of the debit memo.
Account Number	The account number and cost center to debit for this debit memo. F3 shows a list of possible options.
Sales Rep	The sales rep ID code and name (if sales reps commission is set to yes (Y=yes) in Ledger Options.
Broker	The broker ID code and name (if brokers commission is set to yes (Y=yes) in Ledger Options.
Adjustment ID	The adjustment ID used to allocate the debit memo amount if the account number entered has the accrual recovery set to yes (Y=yes) in Account.

Security Required : Receivables - Receivable Adjustments