Considerations for Credit Notes

The system determines which vouchers should be included in the CITI report. Only those transactions whose fiscal credit has been considered final for the month being considered are included in the report.

Not all credit invoices are included in the monthly CITI report because some may have been sent to a loss account instead of to the final fiscal credit account.

Note:

It is recommended that you run the AP Credit Invoice V.A.T. Restatement program (R76A0052) to reclassify all the vouchers for the month that you are processing before you generate the CITI report.

It is also recommended that you run the V.A.T. Purchasing Ledger program (R760499A) in final mode before you generate the CITI report.

You must set up a credit invoice status rule for the CITI event, with the status in the Credit Invoice Status From field that is required to include the credit invoices in the CITI, and the status in the Credit Invoice Status To field to which the credit invoices are changed after being included in the CITI report. The Credit Invoice Status From status is applied after the credit invoices have been reclassified.

The CITI report verifies that credit invoices have the required status defined in the Credit Invoice Status From field. Credit invoices without this status are excluded and are listed in the Work Center.

When you generate the CITI report in final mode, the status of the credit invoice is updated. If you need to regenerate the CITI report, you must create a new status rule to include credit invoices that have already been processed.