Re: [sap-acct] Rebate Credit Memo request

Posted by PSD Rajan (Solutions Architect)
on Jun 29 at 9:29 PM
Your entry is wrong. Check again. It must be and will be:

Customer credit 10.00 -
Debit to Rebate A/c 10.00
Credit to Rebate a/c 10.00 -
Debit to Accrual a/c 10.00

The last two entries reverses the entries created by the invoices, viz
Debit rebate a/c 10.00
Credit to Accrual a/c 10.00 -

---------------Original Message---------------
From: DGirl
Sent: Wednesday, June 29, 2011 8:46 PM
Subject: Rebate Credit Memo request

Hi Rajan

Thank you for the response.

But the second line is creating 2 accounting entries(last 2 entries). Overall, the settlement for rebate credit memo looks like below and it seems incorrect. Can you advice ?

Customer credit 10.00 -
Debit to Accrual A/c 10.00
Dr to Rebate a/c 10.00 -
Credit to Accrual a/c 10.00

The original invoice has the following entries

Debit rebate a/c 10.00
Credit to Accrual a/c 10.00 -

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PSD Rajan
SAP Accounting Helper

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