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Hi Team,

Regarding AR invoices and payments. How can I net out a debt adjustment with an overpayment? 

Here is the scenario: There was an overpayment to an invoice that resulted in a credit of $314.82 (ARP000016). Then we created a debit adj to recognize the overpayment $314.82(ADJ000002). How do we net the credit (ARP000016) and debit (ADJ000002)?

 

 

Thanks,

Enrique

Hello,

The Payment 000016 highlighted above can be applied to the Debit Memo in Receivables, Payments & Applications, as shown in this example from Sales Demo company.

 


Hi  @Laura02, thanks for the example. How do I net after the payment has been entered and the debit memo has been made?

 

Thanks 


Hi @enriquey  were you able to find a solution? Thank you!


Hello @enriquey ,

The steps to apply a payment to a Debit Memo in AR after the debit and payment have been released are the same: Select the payment to the screen in Payments & Applications. Then select the Debit memo in the Grid area. Remove Hold, and Release.


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