lexi0088
Technical User
- Sep 7, 2004
- 49
The problem we are having in Receivable Management is that we are having to do a lot of extra work when entering a check received from our vendor.
Almost all of our vendors send us consolidated checks containing both invoices and credits they are paying and deducting for. The problem is, many of the credits are credits we have not issued yet, or have no knowledge of at the time of recording the check. So what we have to do in this case is create a debit memo and a credit memo for each erroneous credit so that we may apply and close the check out. For example:
We get a check in for $40 that the vendor is claiming should be applied to invoice x for $50 and credit y for $10. In order to post the check, we have to (1) apply $40 to invoice x. (2) create a credit memo for credit y for $10 and apply this to invoice x. (3)Create a debit memo for credit y. (4) When credit y is actually created in sales order processing apply this to the debit memo created.
So here is my question. Does anyone know how this can be automated.... such as, when you create a credit, it automatically creates a debit?
My boss said that she had heard of a company named Blue Moon who created something of this sort called chargeback processing. She said that this may be some type of script we can create ourselves.
Please let me know if you have any suggestions.
Thank you
Almost all of our vendors send us consolidated checks containing both invoices and credits they are paying and deducting for. The problem is, many of the credits are credits we have not issued yet, or have no knowledge of at the time of recording the check. So what we have to do in this case is create a debit memo and a credit memo for each erroneous credit so that we may apply and close the check out. For example:
We get a check in for $40 that the vendor is claiming should be applied to invoice x for $50 and credit y for $10. In order to post the check, we have to (1) apply $40 to invoice x. (2) create a credit memo for credit y for $10 and apply this to invoice x. (3)Create a debit memo for credit y. (4) When credit y is actually created in sales order processing apply this to the debit memo created.
So here is my question. Does anyone know how this can be automated.... such as, when you create a credit, it automatically creates a debit?
My boss said that she had heard of a company named Blue Moon who created something of this sort called chargeback processing. She said that this may be some type of script we can create ourselves.
Please let me know if you have any suggestions.
Thank you