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Adjusting Journal Entries

You can select Enter and edit transactions to see the Credit memos and Debit memos options.

Note: Use the Enter and edit credit memos and Enter and edit debit memos windows only when you need to make a change to an existing open item, to credit (reduce) or debit (increase) it.

Credit memos make adjustments that reduce or reverse normal (or debit balance) open AR items. These transactions create accounting entries but no printable documents, other than transaction entries on batch and other audit-trail reports.

Use credit memos (infrequently) to perform the following operations:

Debit adjustments are the opposite of credit memos. They make adjustments that increase the debit balance of open AR items.

Use debit adjustments (rarely) to perform the following operations:

The preferred method to make debit adjustments is to issue refunds in the Credit Invoices window (from AR/Cash, select Process month-end procedures, and click Credit Invoices).

In This Section

Enter and edit credit memos window

Enter and edit debit memos window

Recording credit memos

See Also

Direct Transactions

Direct Transactions Overview

Direct Transactions Types

Entering and Editing Sales Transactions

Entering Cash Receipts


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