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Debit Memo EntryA Debit Memo is issued to make a Debit Adjustment (or additional charge) against an invoice already existing in your Accounts Receivable files OR to create a charge to a customer as a separate entity. For example, you may want to issue a Debit Memo for freight only or for a service charge. In short, a Debit Memo is an Invoice created without an order being entered to create the invoice.
Debit Memo entry assigns a Memo Number and includes Invoice Number, Customer Number, Name and Address, Memo Date, Salesman associated with Debit , Taxable T/N, Tax Jurisdiction, Ship Ticket, Branch, Customer Purchase Order, Payment Terms, Reference Number, Reason Code with Description - miscellaneous reason for debit (Reason Codes are established in Profi'C File Maintenance), Quantity, Price, Discount, Profi'C will calculate the extended Debit Amount. Descriptive Text Comments or Notes may be added to the memo as well.
Once the Debit Memo is complete, it may be printed for mailing and the debit will immediately update to the customer Accounts Receivable record available for use.