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How is Credit Memo offset Invoice Accounting Generated?

Question: How is Credit Memo offset Invoice Accounting generated?



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Community Manager

Re: How is Credit Memo offset Invoice Accounting Generated?

Credit Memo offset accounting is generated based on Credit Rule, and CREDIT_RULE needs to be passed along the transaction line when transaction type is CM/CM-C/CM-R

 

 

CREDIT_RULE Values (P/L/F):

PRORATE - P

LIFO - L ( System treats no value as L)

FIXED DURATION - F

 

Sample:

Credit Memo RevPro

 

 

Assumptions:

  • When Credit Rule mentioned as F- FIXED DURATION, then Start Date and End Date should be provided, else adjustment to CM is in the current open period.
  • When Credit Rule is P- PRORATE, the system will ignore the start and end date on the CM lines, the system will consider the schedules related to Invoice.
  • When Credit Rule is L/NULL - LIFO, the system will ignore the start and end date on the CM lines, the system will consider the schedules related to Invoice.
  • If no Credit Rule provided, then system by default apply LIFO for CM processing.


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