What is summary credit memo in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: summary credit memo

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: A document that sums up previously made payments and settles the balanceonly.

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• Key Concepts: 
  A summary credit memo is a document used in SAP Supplier Invoicing to record the total amount of credit that a supplier has received from a customer. It is used to reconcile the customer's accounts receivable and the supplier's accounts payable. The summary credit memo is created when the customer pays the supplier for goods or services that have been invoiced. 
  
  How to use it: 
  In SAP Supplier Invoicing, a summary credit memo is created when a customer pays the supplier for goods or services that have been invoiced. The summary credit memo records the total amount of credit that the supplier has received from the customer. The summary credit memo can then be used to reconcile the customer's accounts receivable and the supplier's accounts payable. 
  
  Tips & Tricks: 
  When creating a summary credit memo in SAP Supplier Invoicing, it is important to ensure that all of the relevant information is included, such as the customer's name, invoice number, and payment amount. Additionally, it is important to ensure that all of the invoices associated with the summary credit memo are correctly recorded in order to ensure accurate reconciliation of accounts. 
  
  Related Information: 
  For more information on using summary credit memos in SAP Supplier Invoicing, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available which provide detailed instructions on how to use summary credit memos in SAP Supplier Invoicing.