Memo Accounts are used to record non-financial or statistical data such as payroll hours or FTE's. Usually a Memo Account journal entry does not require an off-setting entry, i.e. Memo Accounts are one sided entries.
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
a credit memo
This is a non-accounting voucher and the entries made using memo voucher will not affect your accounts.
an invoice and debit memo
The five types of accounts are: * Assets - for example debtors or stock * Liabiltiies - for example creditors or loans * Income - for example sales * Expenditure - for example salaries * Memo accounts- these hold non financial information, for example employee numbers
The accounts payable balance is a credit, so a debit to this account will decrease the balance.
debit memo
a credit memo
This is a non-accounting voucher and the entries made using memo voucher will not affect your accounts.
an invoice and debit memo
The five types of accounts are: * Assets - for example debtors or stock * Liabiltiies - for example creditors or loans * Income - for example sales * Expenditure - for example salaries * Memo accounts- these hold non financial information, for example employee numbers
You can right off accounts payable by either: -Paying the balance, -Entering a credit memo against the open balance.
he gave me a memo. police filed a memo on me.
why use memo?
The Memo was created in 2012.
The plural of memo is memorandii
there is no need