EMEA Exercise: Netting and Open Item Adjustments
In this exercise, you will:
• Net invoices and credit notes for the same customer.
• Net invoices and credit notes against a GL account.
• Net invoices and credit notes for the same business relation.
Use the following parameters (if needed):
• Entity: 22UKCO
• Daybook: CUSTADJ for customer adjustments
• Sub-account: use the default or else use Gserv
• Cost center: use the default or else use Adm
• Date: system date
• For all other fields: use the lookup and choose from the list.
Use Open Item Adjustment Create (25.13.5) to create adjustments for the following:
1 Customer 22C1001, Teasdale Hospital Equipment
An invoice of value 30.20 GBP (full adjustment, new balance = 0).
An invoice of value 812.10 GBP (partial adjustment, new balance = 617.30 GBP).
A credit note of value 225 GBP (full adjustment, new balance = 0).
2 Create adjustments for customer 22C1002, Electronic Services Ltd.
An invoice of value 1200 GBP (partial adjustment, new balance = 900).
A credit note of value 238 GBP (full adjustment, new balance = 0).
Balance of 62 GBP to account 1670.
3 Create adjustments for business relation Auto-Plas International 22-CS1000 as follows:
Customer 22C1000: invoice for 5950 GBP (new balance = 5750 GBP).
Supplier 22S1000: invoice for 200 GBP (new balance = 0 GBP).
4 Verify the results using Open Item Adjustment View (25.13.6).