Program Description:

This program is used for entering credit memos into the A/R open item file. A credit memo is treated exactly like a payment in the A/R system; It reduces the amount owed by the customer.

For example, the customer did some marketing for you and instead of being reimbursed, you could credit the amount to a booking.

Program Operation:

Enter the booking number that you want to adjust. The booking information and the current A/R transactions will display.

Enter the Credit Amount, date (defaults to today), G/L number, and the reference. The G/L number is the account which isDebited.

The transaction is displayed as it will be posted. You can okay or cancel it at this time.

All of the credits entered will be posted to G/L after entering the transactions.

Note:

Sample G/L entry:

1/12/87 Marketing Expense 120.00

Accounts Receivable tours 120.00

(Marketing done by agent)

Note: Most credits will be created by the invoice printing program. When a tour price is modified down, a credit is created.