I am trying to learn Navision. I got noticed about some queries Creditmemo for Sales , Purchase.
In navision Creditmemo uses to correct posted invoice if any thing was wrong, that means customer, qty , item No…
I would like to know some more on credit memo.
In what conditions Comapny will Issue a creditmemo to Customer.
In the same way at what condidtions Customer will Issue Creditmemo to Vendor.
I am very curious to know about these details.
Please experts u had done lot of projects . So throw u r valuable & detail suggestions.
As Mr.Raju has explained, credit note are issued for various reasons. How it works in navision??
Credit note- will increase your stock position and adjust the average cost…, update the customer account…- it is a reverse process of sales invoice.-credit memo is a customer oriented document.
Debit Note: - Reverse process of purchase process- Reduces the stock- vendor account is updated- average cost is adjusted.-vendor oriented document.