There are no restriction in SL to setup an income and expense account as a payment account. You can setup an expense account for "Returns" and check the payment field in the AR section.
invoice amount 100 customer paid 50, so the payments are split into payment bank account 50 payment returns 50 Dieter Simader http://www.sql-ledger.org (780) 472-8161 DWS Systems Inc. Accounting Software Fax: 478-5281 =========== On a clear disk you can seek forever =========== On Fri, 16 Aug 2002, Caffeinate The World wrote: > > Richard Lyons wrote: > On Friday 16 August 2002 6:53, Caffeinate The World wrote: > > > > What's the proper way to do a memo credit? I sent out an invoice to ABC > Inc. for $100 for service. Turned out they only wanted 1/2 months service, so > they are paying only $50. > > > > What's the proper way to credit their account? I don't want to modify the > original invoice to show $50 instead of $100. I want another transaction that > showed that a credit memo was posted for ABC Inc. for $50. > > > > I tried creating a service called Memo Credit with number 'cm' and then > invoice ABC Inc with a -50.00, but that new invoice will show up on process > payments and reports as unpaid. > > Yes, that is fine. When they pay $50, you pay both the invoice of $100 and > the credit note of -$50 with it. Then it won't show up as unpaid any more. > > Some things are simpler than you expect! > -- > richard > > I thought to do as you said above Richard, however, when I'm at the screen >AR/Payments for ABC Inc with two lines for entry, one for each invoice. The first >payment line for invoice 1 has $100 for the amount header, so I'd enter 50.00 here >for the payment into Checking Account. But since it's not the full payment, wouldn't >this invoice show up as unsettled in the reports? > > Then on line 2 (credit memo invoice) the amount header is -50.00. What amount should >be entered here? 50.00? If it's 50.00, how's that possible since I already applied >the payment of 50.00 in payment line 1 for the original invoice. > > > > --------------------------------- > Do You Yahoo!? > HotJobs, a Yahoo! service - Search Thousands of New Jobs ------------------------------------------------------- This sf.net email is sponsored by: OSDN - Tired of that same old cell phone? Get a new here for FREE! https://www.inphonic.com/r.asp?r=sourceforge1&refcode1=vs3390 ------------------------------------------------------- (un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users Archive: http://www.mail-archive.com/[email protected]/
