Create Account Based Note – A summary of the activity

A debit / credit note basically supplements the invoicing function. A debit / credit note facilitates in capturing of financial information based on post invoice changes in the quantity, price, Taxes Charges or Discounts on procurement of goods and services. A credit note raised on the supplier increases the liability of the supplier and a debit note raised on the supplier decreases the liability of the supplier. The debit note and the credit note can be account based supporting to its functionality. An “Account Based Debit / Credit Note” is created for charges applicable to the supplier or to write off and Write Back or to track any other expenses.  

This activity allows you to create an account based debit / credit note. In this activity you can also authorize the created debit / credit note. You can select various documents against which the created debit credit note can be adjusted. You can view the payment schedule, the note summary and the posting information. 

Payment Schedule / Information is worked only for Credit Notes. You can modify the payment schedule for the credit note. If an electronic payment is to be made to the supplier you can modify the payment schedule and the electronic payment information. If you want to include additional remarks regarding the debit / credit note you can enter your notes. The system maintains a history of these notes. This activity also allows you to modify the details of the newly created account based debit / credit note if it is in the “Draft” or “Fresh” status.

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