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Re: How is Credit Memo offset Invoice Accounting Generated?

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Community Manager

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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1 REPLY 1
Highlighted
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.


Subscribe to Zuora System Updates at Zuora Trust
Follow Zuora Global Support on Twitter and LinkedIn

View solution in original post