Automatically Apply Credit Memos

Automatically Apply Credit Memos

From the DockMaster menu, select Accounts Receivable > Credit memos & Adjustments > Automatically Apply Credit Memos

Purpose To allow the system to automatically apply all credit memos for a specific customer or all customers. Note: The automatic method applies credit memos starting with the oldest open debit invoice first. This process does not make an accounting entry if applying invoices with different A/R Schedule accounts; you will have to manually enter a Journal Transaction in the General Ledger.

1. Customer Number - Enter a customer number in the grid or leave it blank to include all customers. Type a name preceded by a backslash "" to access a cross-reference list or press F6.
2. Effective Date - Enter the Effective Date of this application or press Enter to default to the current date. This date cannot be greater than the current date or less than the earliest date of either the invoice or the credit memo. This date is only relevant for customer statements and transaction reports. Remember: This process does not make an accounting entry if applying invoices with different A/R Schedule accounts; you will have to manually enter a Journal Transaction in the General Ledger.
3. Click the Printer icon to apply the credit memos and print the Credit Memo Application Report.