Receivables - EBS (MOSC)

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Installment Credit Memo

edited Jun 30, 2015 10:02AM in Receivables - EBS (MOSC) 4 commentsAnswered

But my issue is for installment credits.  This is what I mean:

MAY 1, 2015 - Installment invoice for $1200 created.  This invoice has an Installment payment term of 12 months.  Therefore, $100 is due every monthend, starting May 31st, 2015.

MAY 20, 2015 - customer decides to return goods.  A credit for the full $1200 invoice is placed in the system.  This credit is applied against all instalment invoices, effectively closing all 12 of them.

RESULT:  Statement for MAY 2015 activity will show $100 less $1200, giving the customer a balance of -$1100.  I don't believe this is correct.  Is there a way to spread the credit based on the original invoice's installment terms?

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