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Invoice Adjustment Code

Invoice Adjustment Code​

From the DockMaster menu, select Accounts Receivable > Credit memos & Adjustments > Invoice Adjustment Code

Purpose: To create predefined codes that are used in the Invoice Adjustment program. For example, the code BAD could be used any time you are writing off a bad debt.

The General Ledger account numbers determine the default accounting entry, which will be made during an adjustment. You will be able to modify these accounts during the actual adjustment.

  • Adjustment Code - Enter a three-digit alphanumeric Adjustment Code.
  • Description - Enter a Description for this adjustment code. This description will print on monthly statements unless overridden during the Invoice Adjustment process.
  • Debit Account - Enter a General Ledger Debit Account number. Press F6 to list the valid account numbers if the General Ledger is installed.
  • If the adjustment is a NEGATIVE amount, this account will be DEBITED for the amount of the adjustment. The offsetting entry will be a CREDIT to the A/R account associated with the invoice being adjusted.
  • Credit Account - Enter a General Ledger Credit Account number. Press F6 to list the valid account numbers if the General Ledger is installed.
  • If the adjustment is a POSITIVE amount, this account will be CREDITED for the amount of the adjustment. The offsetting entry will be a DEBIT to the A/R account associated with the invoice being adjusted.
  • Click the Save button to save the code.