MAS 90 / 200 Accounts Recievable Tips
How to apply a Credit Memo to an Invoice
From time to time, you may receive a credit memo from a vendor and want to apply it to a specific invoice. To apply credit balances use the Manual Check Entry Program.
1. On the Accounts Payable Main menu, click Manual Check Entry.
2. At the Bank Code field, enter the bank code.
Note: You must enter a bank code at this field; however, the bank code does not affect the entry.
3. At the Check No. field, type APP followed by a number (1 through 999). For example, APP001. The Check Amount field will be zero and cannot be changed.
4. On the Header tab, at the Vendor No. field, select the vendor number of the credit memo that you are applying.
5. On the Lines tab, at the Invoice No. field, select the credit memo to be applied and click OK. The credit invoice information appears.
6. At the Invoice Amount. field, change the invoice amount to reflect the positive amount of the credit memo, if necessary.
7. Click OK. The check distribution amount should be zero. Click Accept.
8. Print and update the Manual Check Register and Daily Transaction Register.
