Navigation: AR Responsibility -> Transactions -> Transactions

Enter the AR Transaction header details

Create AR Credit Memo - Header

• Source – Invoice source i.e. to identify the source of transactions.  Select as ‘Manual’ for manual entry of invoices.
• Class – Select the Invoice class. It could be Invoice, Chargeback, credit memo, debit memo, deposit, Guarantee. For credit Memo select class CREDIT MEMO.
• Type – Select the predefined Invoice types.
• Enter Invoice Date, GL Date
• Enter the currency
• Select the customer Bill to and ship to addresses
• Select the payment terms
• Select the Payment details by clicking on ‘Select Instruments’.

Save the invoice Header. Upon successful saving AR invoice number is automatically generated.

Click on ‘LINES’ to enter line information.

• Enter Item number or description, UOM, Quantity, Unit Price.

Create AR Credit Memo - Lines

Click on ‘Distributions’ .

• Enter GL Account for Revenue and percentage of amount.

Create AR Credit Memo - Distributions

Click on ‘Sales Credits’ to capture sales credit information.

Click on ‘COMPLETE’ to complete the AR credit memo creation.