Understanding Credit Reimbursements

See also:

• "Processing Foreign and Alternate Currency Receipts, Generating Credit Reimbursements in Foreign Currencies" in the JD Edwards EnterpriseOne Applications Multicurrency Processing Implementation Guide.

You can use credit reimbursements to reclassify credits in the JD Edwards EnterpriseOne Accounts Receivable system to open vouchers in the JD Edwards EnterpriseOne Accounts Payable system. For example, you can issue rebates and reimburse customers for overpayments. When you generate credit reimbursements, the system pays open credit memos and generates vouchers to reimburse the customer.

Credit reimbursements are generated based on the grouping of customer, company, and currency combination.

Note: In addition to the credit reimbursement process, you can use the AR/AP netting process to bilaterally reclassify transactions between Accounts Receivable and Accounts Payable.

See Netting Accounts Receivable and Accounts Payable.