Credit and Debit Notes

Credit notes, also called credit memos, are adjustments to voucher amounts. Debit notes, also called debit memos, are adjustments to invoices. You use credit and debit notes to adjust amounts due or amounts payable.

See "Entering Debit Memos" in the JD Edwards EnterpriseOne Applications Accounts Payable Implementation Guide and "Understanding Credit Memos" in the JD Edwards EnterpriseOne Applications Accounts Receivable Implementation Guide.

You might need to make adjustments to voucher or invoice amounts after the initial transaction. If you void a transaction in the same reporting period as the original transaction, then the system will include the original and the void transactions in the VAT reports. However, if you need to make an adjustment to an invoice or voucher in a reporting period other than the reporting period of the original transaction, you must enter a debit or credit note to make the adjustment. The system does not include transactions to void an invoice or voucher when the original transaction was reported in a previous period. The system does, however, include the credit or debit memo that adjusts the original transaction.