Answer
Nov 11, 2016 - 02:58 PM
A memo entry is posted as an approved invoice, so it is not routed for approval and is not included in the AP Extract (that is, the invoice is not sent to Accounts Payable for payment). However, the invoice is included in reports. Post a memo entry under these circumstances:
You have received a paper invoice that has already been approved and sent to Accounts Payable.
You want to post a credit entry or a correcting entry that should not be sent to Accounts Payable.
You have received a paper invoice that has already been approved and sent to Accounts Payable.
You want to post a credit entry or a correcting entry that should not be sent to Accounts Payable.
