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Tasks

Settings

Adding Price Adjustment Lines to a Credit Memo

When a supplier issues a credit for materials that are not being returned, you can enter a price adjustment line to the credit memo. For example, you could use this process when your organization was overcharged for materials delivered on the original invoice.

This topic explains how to create a new price adjustment credit memo line.

To Create Price Adjustment Credit Memo Lines

1.	Select the site’s Invoicing view and Invoices tabs.

2.	Open the credit memo to which you want to add lines.

3.	Make sure that editing is enabled.

4.	On the Worksheet view, click the New list and then Price Adjustment. The Invoice Line dialog appears.

5.	On the General tab, enter the invoice number or click the browse icon to select the appropriate invoice.

Note: Only posted invoices that have the same supplier as the credit memo supplier are available to be selected.

6.	Select the line that requires a price adjustment.

7.	Enter the Line amount being credited.

8.	Select the Charges tab. If necessary, you can enter the applicable charge on this tab.

9.	Select the Taxes tab. If necessary, you can add more taxes on this tab or change the taxable amount for the line:

Setting Name

Description

Taxable Amount

The portion of the invoice line amount that is taxable. The system uses this amount when calculating: • The line amount of tax lines: the sum of the “taxable amounts” of the invoice lines is used as the basis of the calculation. • The proration of tax lines: the taxable amount is used to determine the tax amount prorated to each invoice line.

10.	When you are finished entering the appropriate information, click OK. The system adds a new line to the credit memo.

11.	To enter more credit memo lines, repeat steps 4 to 10.

12.	When you are finished entering information, save the credit memo.