Diff between finance charge memo and credit memo

Navrookie

Hi

Can someone Say me what is the difference between Finance Charge Memo & Credit Memo.

Alex_Chow

The Help within the application does a pretty good job of explaining what these 2 areas are used for. Have you checked it out?

ssingla

Danniel remarked some time ago that few companies set their fresher consultant with minimum training and advise them to use Mibuso for any query/problem. Seems exactly the case

AdamRoue

Ignore the fact you have NAV here.

i) Credit Memo - used to credit the customer, can or will return stock and is used as the reversal of an invoice. Assumption is this is a sales credit memo and that this is a simple statement.

ii) Finance Charge Memo - used to charge the customer additional revenue for the late payment of invoices based upon collection or dunning letters.

idiot

What about finance charge credit memo?

Eymi

Cannot see what is so funny about doing a finance credit memo... it can occur that you want to correct a finance memo, undo it.