what is the difference between credit memo and subsequent credit memo

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what is the difference between credit memo and subsequent credit memo..

Credit memo means after completion of invoice, returning material to vendor then we will raise credit memo.

But Subsequent credit means already done invoice if the value going to change with decreased value then subsequent credit memo will be raised.

Credit memo for quanity, where as subsequent credit/debit is for Value.

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what is the difference between credit memo and subsequent credit memo..

Answer / tsv prasad

While return goods to vendor then we have to select credit memo and maintain required fields and post it.

After posting invoice verification we are able to reduce the amount from vendor account by selecting subsequent credit.

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what is the difference between credit memo and subsequent credit memo..

Answer / amit batu

Credit memo: it can be used for vendor returns, Return delivery (via GRN) will be done and based on the PO and return delivery quantity.

Subsequent Debit/Credit: when the credit is not for the full amount.

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what is the difference between credit memo and subsequent credit memo..

Answer / amit batu

Credit memo: It is used when you need to get some amount from vendor i.e. in case of return delivery etc.

Subsequent credit/Debit: It is used for the case when the credit is not for the full amount eg. if the Vendor decided to credit

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