• Subject: RE: IFM, Automated Cash Receipts and Taxes
  • From: "Bob Tenney" <bobtenney@xxxxxxxxxxxxx>
  • Date: Sun, 21 Jan 2001 21:53:3 -0500

Gail, The complimentary invoicing allows you to select a previously issued invoice and change quantities shipped, prices, special charges (e.g. shipping), tax parameters (e.g. tax suffix). It then calculates the revised invoice amounts on the new info and issues a NET invoice for the difference -- including taxes. The main advantage is that you get a net a net invoice without doing any mental arithmetic.
 
If you want to discuss this, I can be reached at 404-373-5669 tomorrow.
----- Original Message -----
From:
To: MAPICS-L@midrange.com
Sent: 01/20/01 5:39:49 PM
Subject: RE: IFM, Automated Cash Receipts and Taxes

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

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

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