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Hi All,
What is credit memo in Dynamics GP.
How it work in GP.
Can anybody explain.
Thanks,
Srinivas
*This post is locked for comments
Hi,
I would suggest you to read the GP help and the ReceivablesManagement.pdf manual.
Here there is an extract of the GP help for Receivables Transactions:
Use credit memos to record any decrease in a customer's balance that isn't the result of a payment. The difference between a credit and a return is that a credit memo credits a customer's account. A return credits a customer’s credit card balance or account with your company, and reverses tax and commission amounts that were previously entered.
I hope this helps
Although the description you share here is good, but for developers it's difficult to gasp something like "A return credits a customer’s credit card balance or account... ", :) That's why I always say there must be more accounting related small tutorial presented by this group.
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