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If this transaction is a credit memo against a specific invoice or commitment, and the profile option AR: Use Invoice Accounting For Credit Memo is set to Yes, Receivables does not use AutoAccounting to create the default values for these accounts. Instead, reversal entries are created using the accounts of the invoice or commitment that you are crediting.

Prerequisites

   Enter credit memos

   Credit transaction lines

   To review or update the revenue account assignments for a credit memo:

1. Navigate to the Transactions Summary or the Transactions window.

2. Query the credit memo to view.

3. If you are in the Transactions Summary window, choose Credit, then choose Credit Lines.

4. Choose Accounting.

5. To update the revenue account assignments for this credit memo line, modify the GL Account information for that account.

If you are viewing a credit memo line against an invoice with accounting rules, and the profile option AR: Use Invoice Accounting For Credit Memos is set to No, use the Account Set For Single Line alternative region to enter or update your account set. If you are viewing a Credit Memo with accounting rules, you must run the Revenue Recognition Program before you can navigate to this window. See: Recognizing Revenue.

Note: If you update an account assignment line that has already posted, Receivables does not change the original assignment. In this case, new account assignments are created to reflect the update when you save your changes. The first assignment offsets the original account assignment you have posted and the second assignment records the new amount percent or account that you have updated. If you update an account assignment that has not posted, Receivables directly updates the account assignment you specify and does not create an offsetting account assignment entry when saving your changes.

6. If you made any changes, save your work.

See Also

Reviewing Revenue Credits

Reviewing Freight Information

Reviewing Tax Information

Accounting Window Field Reference