Apply Debit Memo

Purpose

Use this procedure to apply debit memo against the invoice balance.

Applying Debit Memos / Prepayments

Menu Path

• Financial Management>Accounts Payable>General Operations>Apply Debit Memos/ Prepayment          

Steps

1. Select the Invoice from the search,
2. In the Detail, the enter total amount of the prepayment amount in the amount to Apply field.
3. Select Transaction Apply Date.
4. Click on save.
5. Navigate to Applied Invoices and select New and select the invoice to apply.
6. Enter the amount in the Balance field,
7. Click on Save.
8. Select Apply Debit Memo / Prepayment. This will reduce the balance of applied Invoice.