Once a debit or credit memo is entered in Process Vouchers, the entry can be applied to an existing voucher in a couple of different ways. Okay, so now that we understand the impact of the entry, what’s the best way to handle the entry in Sage ERP MAS 500? With this perspective in mind, in that Accounts Payable are a liability and therefore a credit within the accounting ledger, a credit memo adds to or increases the balance of an invoice or voucher and debit memo subtracts from or decreases the balance. ![]() In Sage ERP MAS 500 the terminology takes its reference point from the accounting ledger impact of the entry. With that perspective in mind then, a debit memo from a vendor adds to or increases the balance of an invoice or voucher and a credit memo subtracts from or decreases the balance. In Sage ERP MAS 90 and 200 the terminology used to refer to a debit or credit memo takes its reference point from that of the vendor document as presented to the AP clerk. Specifically in the instance of customers moving from Sage ERP MAS 90 and 200 (becoming Sage 100 ERP) to Sage ERP MAS 500, in the Accounts Payable module there is definitely room for confusion. In my experience working with various ERP products, both here at Sage and in other places as well, I find that there is often some room for confusion simply based on the terminology used within the product. This time I want to take a few moments and talk about debit and credit memos in Sage ERP MAS 500 (becoming Sage 500 ERP). In my first entry in this series “ Accounts Payable Information – All Together in One Place”, I talked about using Business Insights Explorer to access related data from a central point and drill down to additional details as needed.
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