Re: Credit/Debit Memo for FI Revenue Account Correction

Thanks, Suman.  But could you elaborate a bit?  Let's consider this scenario:

Customer X (Domestic) order $1M worth of goods and Customer Y (international) order $2M dollars worth goods.  However, let's say that Customer X was incorrectly setup as Customer Y, so the international revenue accounts is $3M and domestic revenue account is $0.  We now have to balances this by making int'l acct $2M and domestic acct $1M.

I understand how we can use credit/debit memos for returns, but this case may warrant a different approach?

Thanks