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    Ari Chakraborty
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    The document provides instructions for processing accounts payable and receivable transactions, including voiding payments, entering a credit memo to partially offset an invoice, and making a manual payment adjusted by the credit memo amount. It also covers creating a customer with multiple bill-to sites, entering an approved accounts receivable invoice for $120,000 due over three months, and a $12,000 deposit invoice.

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    The document provides instructions for processing accounts payable and receivable transactions, including voiding payments, entering a credit memo to partially offset an invoice, and making a manual payment adjusted by the credit memo amount. It also covers creating a customer with multiple bill-to sites, entering an approved accounts receivable invoice for $120,000 due over three months, and a $12,000 deposit invoice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    10 views1 page

    Untitled

    Uploaded by

    Ari Chakraborty
    The document provides instructions for processing accounts payable and receivable transactions, including voiding payments, entering a credit memo to partially offset an invoice, and making a manual payment adjusted by the credit memo amount. It also covers creating a customer with multiple bill-to sites, entering an approved accounts receivable invoice for $120,000 due over three months, and a $12,000 deposit invoice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    1. Came back to AP and void a few payments that you just posted.

    Check and confirm the results


    2. Enter credit memo against one of the AP invoices you have entered earlier – example if your
    invoice was for $1000, process a credit memo for $200. Validate approve and post
    3. Make a manual payment for this invoice by automatically adjusting the credit memo
    4. Post all payment entries in GL

    Basics Concepts of Accounts Receivables

    1. Create a new Customer with one Ship-to site and multiple Bill-to sites
    2. Enter a manual AR invoice for this customer and approve – amount $120,000 with three items
    lines that are due for payment in Jan, Feb and March 2022
    3. Enter a deposit invoice (advance) for this customer for $12,000 and approve

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