Vendor Apply Miscellaneous Credit Entry overview
Function acronym: APEMA
Use this function to manually apply miscellaneous credits to outstanding invoices. You can select the invoices against which the miscellaneous credits are applied.
Miscellaneous credits are created in Vendor Invoice Center Entry and the Vendor Entry Pay Invoices Due Report. Miscellaneous credits are created by the report when part of a credit is not applied because it was more than the total current invoices due.
Use this function instead of the Vendor Entry Pay Invoices Due Report to apply credits. The report applies miscellaneous credits, starting with the oldest invoices and rolling forward to the most current invoices.
Discounts are not taken on miscellaneous credits in this function.
Foreign vendors
When you enter a miscellaneous credit for a vendor that uses foreign currency, the Exchange Rate window is displayed so you can specify the current exchange rate. The difference between the amount at the invoice exchange rate and the amount at the exchange rate entered with the miscellaneous credit is calculated. Any differences between the amounts are posted to the Loss/Gain G/L Acct that is specified on the SA Currency Table Setup record.