Service Contract Invoice Adjustment

 Standard Operating Procedures

Service Contract Invoice Adjustment

Note:  This will serve to process Credit Memos

 

PURPOSE:

The Service Contract Invoice Adjustment Screen allows changes to posted service contract invoice values. Variable costs (discounts, taxes, shipping, etc.) may be adjusted on this screen.

 

PROCEDURE:

KFS Credit Memo Screens
Go to Accounts Payable, Service Contract Invoice Adjustment, click new
Execute a Service Contract Invoice Transaction Search
Select Service Contract Invoice – Eligible Transaction
Select Line Item
Update/modify amount

Select Done

Select Save
Adjustment will be reflected with the previous entries voided
Click on Phase then select Cost Analysis
Select Contract Cost Actual Row and you will see all adjustments applied

 

 

ROLES USED:

 

  1. The System Administrator will have full rights to provide support for entries
  2. The Finance team will have rights for making manual entries

 

Return to Account Payable SOP