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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Credit Note from one s...
Microsoft Dynamics GP (Archived)

Credit Note from one subsidiary is used to knock off to multiple subsidiaries account

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Posted on by Suet Lee 1,345

Hi All,

I wish to know how GP can solve this besides using the Debit Note and Credit Note to contra. Example Customer A has 3 subsidiries.  Customer A is the parent company who will always pay on behalf for all its subsidiaries. For this particular month, Customer A does not owe anything but the rest of the child's transactions are as follow:-

Customer A1 - has two Sales Return, amount $100, $50

Customer A2 - Invoice $100

Customer A3 - Invoice $200

Customer A will pay based on the total Payable, that is $150. Customer A will utilise the Sales Return amount of 150 to contra with the rest of the subsidiries. Now, in a group, it can have more that 40 subsidiaries. My customer will not want to create a Debit Note and Credit Note as it will be too tedious and chances of error is extremely high. They have a lot of parent and child relationship customers.

Thank You

Regards, Suet

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  • Suet Lee Profile Picture
    Suet Lee 1,345 on at
    Re: Credit Note from one subsidiary is used to knock off to multiple subsidiaries account

    Thanks so much for the feedback, but I am afraid National Account cannot work as the credit note is residing in the subsidiary. In National Account, you can only use the credit note originated from Parent to contra with Child.

  • L Vail Profile Picture
    L Vail 65,271 on at
    Re: Credit Note from one subsidiary is used to knock off to multiple subsidiaries account

    You will need to set up National Accounts and then I think you will be able to get what you want. GP2Me has it right.

  • Zhigang Lu Profile Picture
    Zhigang Lu 795 on at
    Re: Credit Note from one subsidiary is used to knock off to multiple subsidiaries account

    Use Cards > Sales > National Accounts. Set Customer A as parent customer, and mark Allow Receipts Entry for Children of the National Account. Set Customer A1, A2, A3 as child customer. Use Sales >> Transactions >> Cash Receipt, select parent customer A to process cash receipt, select National Account to Apply sales documents.

  • Suet Lee Profile Picture
    Suet Lee 1,345 on at
    Re: Credit Note from one subsidiary is used to knock off to multiple subsidiaries account

    Hi Leslie,

    They are all in one database.

    Thanks  You.

    Regards,

    Suet

  • L Vail Profile Picture
    L Vail 65,271 on at
    Re: Credit Note from one subsidiary is used to knock off to multiple subsidiaries account

    Are all of these entities in the same database, or is there a different database for each subsidiary?

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