How do I account for a short payment on an invoice or a credit memo being issued after we advance on the invoice?

The easiest way to handle it is to not worry about the credit memo and apply the payment (even though it is short.)  When you settle the invoice, the software will see the short payment and deduct the balance from the rebate. This will be reflected on the Settlement Statement.   If the invoice has not been paid, the face amount of the invoice can be adjusted to reflect the credit memo, or you can use a negative invoice.

Posted in: Using WinFactor

Posted in