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Credit Memo support in Project Billing for unspent funds returns

in Project Management 2 comments

Content:
Currently, unspent funds in projects must be returned through GL, which causes two main issues:

  1. The billed amount in Project Billing does not reflect the actual project execution, affecting standard project closure.
  2. The return does not generate a Credit Memo, limiting traceability and compliance.

Need:
Enhance Project Billing to:

  • Generate Credit Memos linked to the project.
  • Integrate with AR/AP for proper reimbursement processing.
  • Support partial returns.
  • Update project reports and inquiries accordingly.


Is there already standard functionality in Project Billing to support this process? If not, could this be considered as a future enhancement?

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