Configure the Joint Venture Transaction Type to Create Credit Memos That Exceed the Invoice Balance

You might have joint venture invoices with both debit and credit invoice lines. When you reverse an invoice line to create a partial credit memo, the amount in the credit memo might be more than the invoice balance in certain cases.

See Example of When a Credit Memo is More than the Invoice Amount.

To create such a credit memo in Receivables, you must select the “Allow overapplication” check box for the joint venture invoice transaction type before you run the Import AutoInvoice process.

1. Navigate to Setup and Maintenance.
2. On the Setup page, open the Tasks panel on the right and search for Manage Transaction Type.
3. On Manage Transaction Types, in the Name field, enter JV Invoice and click Search.
4. On the Search section, click the record for JV Invoice.
5. On Edit Transaction Type, select the “Allow overapplication” check box.
6. Click Save and Close.