Credit Memo Distributions

Credit memo distributions include account distribution details such as debit and credit accounts, amount to distribute, and whether to classify distributions using projects or transaction codes. You add credit memo distribution information when you add a new credit memo.

Tip: When you view distributions on the credit memo record, select Extended view to expand the full list. Use filters to find distributions easier.

To edit or delete distributions on an existing credit memo, edit the credit memo (from Payables, Credit memos or directly from a credit memo record). Under Distributions, update or remove distributions as needed.

Note: When you change the amount or distribution of a posted invoice, you're prompted to create invoice adjustments. For more information, see Invoice Adjustments.

Tip: Credit memos created from a vendor record automatically use the default distributions association with the vendor.

  1. Under Distributions, enter the post status and post date information for the credit memo.

  2. Select the account and enter the amount of the distribution.

  3. Select the projects, grants, and transaction codes for the distribution.

  4. To apply an account distribution set, make your selection and click Apply to distributions. Account distribution sets enable you to split an amount you have assigned to an account over several projects and transaction codes.

  5. Enter custom fields to further define the distribution. For more information about custom fields, see Custom Fields.

  6. In the Interfund entry set field, select a set to balance the accounts if the debit and credit accounts aren’t in the same fund.

  7. Select Save.