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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Credit Memo and Debit ...
Microsoft Dynamics GP (Archived)

Credit Memo and Debit Memo

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Posted on by Community Member

Dear Sir / Madam

I am new to GP in a Company in Riyadh.

Please tell me why Credit and Debit Memos are created and how.

Please suggest me with Live Example.

Thanks

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  • Verified answer
    sandipdjadhav Profile Picture
    sandipdjadhav 18,306 on at

    Subhan,

    You will issue Credit Memos to Customers or Vendors to reduce their balance. There can be many example , You may give Credit to Customer for wrong product, damaged product etc.

    I hope this help.

    Thanks

    Sandip

  • Community Member Profile Picture
    Community Member on at

    Thanks Sandip.

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