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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / AP Parameter - Credit ...
Microsoft Dynamics AX (Archived)

AP Parameter - Credit Note as Correction

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Posted on by lmai 2,438

Hi All,

I'm not certain if I should choose "Yes" or "No". 

When returning a product to a vendor, I do the return.  Then I invoice the return and it becomes a Credit Note (the correct term is Debit Note since this is AP).  So if I choose "Yes", what impact do I see? What does it trigger?

Cr.Note-as-correction.jpg

If I don't do the return.  Can I go to the PO line and click on Credit note as below.  It won't let me process.  I had an error.  So what does "No" mean in the AP Parameter?  Thanks

Credit-Note-steps.jpg

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Kim,

    You can find some info on this parameter and whether it needs to be used in your country here

    technet.microsoft.com/.../jj678243.aspx

    docs.microsoft.com/.../emea-corrective-invoice

    Best regards,

    Ludwig

  • Suggested answer
    ZvikaR Profile Picture
    ZvikaR 168 on at

    The "Credit Note as Correction" parameter has nothing to do with enabling/disabling  the creation a credit note for an existing sales order./purchase order

    This parameter controls what kind of accounting posting are going to be generated for a credit note.

    If set to "no" - when doing a credit note, the voucher will post "credit" wherever previously there was a debit in the reversed invoice. (and debit, wherever there was a credit)

    If set to "yes" - when doing a credit note, instead of credit/debit switch, the system will post negative credit whenever there was a credit, and negative debit wherever there was a debit.

    In 2-side accounting systems debit and separate and distinct from a negative credit.

  • Suggested answer
    ZvikaR Profile Picture
    ZvikaR 168 on at

    to your specific problem, it sounds like you are trying to select an existing invoiced PO and press "credit note", but that's not how this functionality is supposed to be used.

    you are supposed to create a NEW purchase order, select that new purchase order and then press "credit note" in order to select the invoice purchase order lines you want to reverse.

  • Verified answer
    ZvikaR Profile Picture
    ZvikaR 168 on at

    was your question answered? if so, please mark the thread as completed

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