Diff between finance charge memo and credit memo

NavrookieNavrookie Posts: 83Member

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


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  • Alex_ChowAlex_Chow Posts: 5,063Member
    The Help within the application does a pretty good job of explaining what these 2 areas are used for. Have you checked it out?
  • ssinglassingla Posts: 2,973Member
    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
    CA Sandeep Singla
  • AdamRoueAdamRoue Posts: 1,283Member
    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.
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  • idiotidiot Posts: 651Member
    What about finance charge credit memo? :mrgreen::lol::lol::lol:
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  • EymiEymi Posts: 1Member
    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.
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