About Invoices, Debit and Credit Memos

As you enter transactions on the Invoices, Debit and Credit Memos form, you must distribute their amounts to General Ledger accounts. You can distribute them manually by clicking Distribution, or you can click Generate Distributions to have the system distribute them automatically.

When you generate the A/R Invoice Credit Debit Memo Report and you want to print any notes, place any notes on the header and not on the distributions.

For invoices that have a terms code with multiple due dates, you use the Generate Distributions function to create the multiple due date records. Refer to About Multiple Due Dates for Invoices and Credit Memos for further information.

You can apply debits and credits to customers' posted finance charges, and you can apply them as open debits and credits against customers' account balances.

When you post these transactions, the system prompts you to print an Invoice Transaction Report as an audit trail of the transactions that are posted.

If you try to create a new invoice from this form while an invoicing background task is running, the system displays a message that the Invoice Sequencing table is temporarily locked for insert. Try again later.