Diff between finance charge memo and credit memo

NavrookieNavrookie Member Posts: 83
Hi

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

Arvind

The Art of Walking in Water is to know Where Stones Are..

Comments

  • Alex_ChowAlex_Chow Member Posts: 5,063
    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 Member Posts: 2,973
    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
    http://ssdynamics.co.in
  • AdamRoueAdamRoue Member Posts: 1,283
    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.
    The art of teaching is clarity and the art of learning is to listen
  • idiotidiot Member Posts: 651
    What about finance charge credit memo? :mrgreen::lol::lol::lol:
    NAV - Norton Anti Virus

    ERP Consultant (not just Navision) & Navision challenger
  • EymiEymi Member Posts: 1
    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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