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  • Subject: RE: IFM, Automated Cash Receipts and Taxes
  • From: gcrane@xxxxxxxxxxxxxxx
  • Date: Sat, 20 Jan 2001 17:17:48 -0500



Hi Bob, Can you tell me more about COM Complimentary Invoicing.  I don't know
anyone who is using this.  Can it be used for crediting shipping charges?  Is is
simpler than doing a regular credit memo?

Gail Crane




"Bob Tenney" <bobtenney@earthlink.net> on 01/18/2001 12:44:06 AM

Please respond to MAPICS-L@midrange.com

To:   MAPICS-L@midrange.com
cc:    (bcc: Gail L Crane/Johanson/JMC)

Subject:  RE: IFM, Automated Cash Receipts and Taxes




The best way to handle this situation is to process the cash receipt
against the customer's invoices. When the customer deducts the tax this will
leave a debit balance against the invoice.



Next resolve the tax problem. If the customer is tax exempt, change the
customer's tax suffix. Then use the COM Complimentary Invoice menu option
to generate a credit memo for the tax. When this is done, you can allocate
the credit memo against the original invoice to close it out.



One last point. All of this would be unnecessary if someone set up the tax
suffix correctly for the customer or entered an override at order entry
time.



Bob Tenney

Bob Tenney Solutions, LLC

New Telephone - 404-373-5669

New E-mail - bobtenney@earthlink.net  or tenneypubs.com  for book orders




----- Original Message -----

From: Bolton,
Jonathan [F-R/Hatfield-PA]

To: mapics-L@midrange.com

Sent: 01/17/01 7:03:49 PM

Subject: IFM, Automated Cash Receipts and
Taxes





We are an IFM shop and would like to implement automated lockbox
receipt

processing.  I have successfully sent data into IFM via the Cash
Receipt

file (YAGRREP) but the process is not viewed by the users as a
timesaver

because of sales tax issues.  We are confronted with a
significant number of

tax deductions because customers do not tell us up front that they
are

exempt.  Correcting this once the receipt is in IFM does take
longer than if

our people do the whole job themselves.  Does anyone have any
experience

with trying to automate the creation of transactions based on the
detection

of a short payment?

+---

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| To submit a new message, send your mail to MAPICS-L@midrange.com.

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+---







Bob Tenney

Bob Tenney Solutions, LLC

404-373-5669

The best way to handle this situation is to process the cash receipt against the customer's invoices. When the customer deducts the tax this will leave a debit balance against the invoice.
 
Next resolve the tax problem. If the customer is tax exempt, change the customer's tax suffix. Then use the COM Complimentary Invoice menu option to generate a credit memo for the tax. When this is done, you can allocate the credit memo against the original invoice to close it out.
 
One last point. All of this would be unnecessary if someone set up the tax suffix correctly for the customer or entered an override at order entry time.
 
Bob Tenney
Bob Tenney Solutions, LLC
New Telephone - 404-373-5669
New E-mail - bobtenney@earthlink.net or tenneypubs.com for book orders
 
----- Original Message -----
From: Bolton, Jonathan [F-R/Hatfield-PA]
To: mapics-L@midrange.com
Sent: 01/17/01 7:03:49 PM
Subject: IFM, Automated Cash Receipts and Taxes

We are an IFM shop and would like to implement automated lockbox receipt
processing.  I have successfully sent data into IFM via the Cash Receipt
file (YAGRREP) but the process is not viewed by the users as a timesaver
because of sales tax issues.  We are confronted with a significant number of
tax deductions because customers do not tell us up front that they are
exempt.  Correcting this once the receipt is in IFM does take longer than if
our people do the whole job themselves.  Does anyone have any experience
with trying to automate the creation of transactions based on the detection
of a short payment?
+---
| This is the MAPICS Mailing List!
| To submit a new message, send your mail to MAPICS-L@midrange.com.
| To subscribe to this list send email to MAPICS-L-SUB@midrange.com.
| To unsubscribe from this list send email to MAPICS-L-UNSUB@midrange.com.
| Questions should be directed to the list owner/operator: dshaw@spartan.com
+---
 

 
Bob Tenney
Bob Tenney Solutions, LLC
404-373-5669
 

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