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Evo-ERP and DBA Classic >> Accounting >> Apply credit to different account
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Message started by billiejean on 02/24/06 at 08:59:06

Title: Apply credit to different account
Post by billiejean on 02/24/06 at 08:59:06

We have one company with multiple accounts. One account has a credit that we would like to apply to a different account. Is there any possible way this can be done?

Title: Re: Apply credit to different account
Post by Lenette on 02/24/06 at 09:06:22

If there is an easier way, I'd like to know... but here's how we do it.

Use AP-B a create a voucher for the amount of the credit offset with say a misc GL account (office supplies, etc.).

Use AP-B a credit a Credit Memo for the amount of the credit to be applied and use the same GL account as used above.

Then via AR-C apply the Voucher against the credit AND apply the Credit Memo against the balance due in each account respectively.

Note: use the same date on all transactions... it will make your life easier in the long run.

Title: Re: Apply credit to different account
Post by lmk223a on 02/24/06 at 11:10:38

Ditto. I do the same as Lenette, but in the AR Voucher description, I enter "move credit to (vendor code)" or "credit from (vendor code)", as applicable.

So when I look at monthly listing of sales invoices, I know from the descriptions that these two vouchers wash. (net to zero)

Title: Re: Apply credit to different account
Post by billiejean on 02/28/06 at 07:37:02

Per Lynn, with the latest update if you go into the one account with the open credit and choose the credit and post it, it will then ask you if you want to apply to another customer. This also works if you get one check that must be applied to different accounts.

After clicking yes for posting it takes you back to the payment screen with the credit amount already filled in and you choose the account you would like to apply it to.

We have tried this and it works!! :)