Page 54 - Unanet AE: Introduction to Project Management

Activity 1.10 – Run Project Figures Report
In this activity, you will run the Project Figures report.

Activity Steps

1. Navigate to Project Administration > Projects. The Projects applet opens.
2. Type 20140000 in the Search field.
3. Press Enter.
4. Select View > Project Figures. The Project Figures report displays. Review the
data.

Credit Memo

A credit memo, short for "credit memorandum," is a document issued by the seller to the
buyer, reducing the amount the buyer owes under an earlier invoice. If the buyer has
not yet paid, the credit memo can partially offset the invoice amount. If the invoice has
already been paid in full, the buyer can use the credit memo for a future payment or
request a cash refund.

Reasons for a Credit Memo
Credit memos may be issued for several reasons:

• The buyer returned the goods.
• There is a pricing dispute.
• A marketing allowance is provided.
• Other reasons that reduce the invoice amount.

Accounting for a Credit Memo
• Seller: Records the credit memo as a reduction in accounts receivable.
• Buyer: Records it as a reduction in accounts payable.

Activity 1.11 – Issue a Credit Memo
In this activity, you will issue a credit memo.

Activity Steps

Part 1: Identify the Bad Dept account
1. Navigate to General Accounting > Chart of Accounts. The Chart of Accounts
applet opens.
2. Type 7420 in the Search field. This is the Bad Dept Expense account.
3. Press Enter.

LESSON 1: A/R JOURNALS ©2024 Unanet. All rights reserved. 54