TCM - Accounts Receivable - Write Down vs Credit Memo

TCM - Accounts Receivable - Write Down vs Credit Memo

Accounts Receivable – Processing – Work on Payments – Enter Customer Payments

There are times when you may need to reduce the balance on an outstanding invoice.  The question becomes ‘Do I do a Write Down or Credit Memo?” Both options reduce the balance due on the invoice.  The difference is:

Write Down – Only post to Accounts Receivable & General Ledger & does not reduce the Billed to Date amount on the Job.

Credit Memo – Post to Accounts Receivable, General Ledger & Job Cost & reduces the Billed to Date amount on the Job.


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