Debit Memo Processing

A debit memo request is created with the amount to be debited and placed on a billing block for review. It is then released to become billing relevant and appear on the billing due list. Periodic billing process creates a debit memo to be sent to the customer and posts a journal entry.

Key Process Steps Covered

Create debit memo request
Remove billing block (review debit memo request)
Create debit memo

Benefits

System integrated debit memo processing