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customer debit and credit note

Former Member
0 Kudos

Hi Friends,

clarify my doubts...

1) what is customer debit note and credit note.

2)what is the doc type for debit note and credit note.

3) what are the posting keys for it

4) what are the transactions for both note.

I want to post some transactions for both customer debit and credit note from FI point with VAT..

please solve my issues ...

Regards

Nandu Savi

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

1) what is customer debit note and credit note.

When the customer or Vendor Receives/gives you some discounts basing on the acheivement of some turnover over a period they will be issuing a some doucment to requesting them to adjust that amount in the next payment or just credit to their account. This is a Credit/Debit note scenario.

If the customer/vendor delivery is cost + VAT applicable and at the time of raising the if the authorities change the applicable VAT rate you may adjust the same using Dr/Cr. Notes respectively.

2)what is the doc type for debit note and credit note.

"DG" for Customer and "KG" for vendor. You can Also use "DA" and "KA" for unspecific postings.

*-3) what are the posting keys for it *

01 to 19 is for Customers and 21 to 39 for vendors. If its is customer debit system takes 01-09 (09 is used for Specil GL transaction) and credits the system uses 11-19(19 is used for Specil GL transaction)

Similarrly Vendors 21-29 is for Vendor Drs with 29 as pecial Gl, 31-39 is vendor credits with 39 spl gl.

4) what are the transactions for both note.

FB75 and FB65

Answers (0)