SAP Business One Forms Explained (Fixed Asset). Capitalization Credit Memo.

The form for today is Capitalization Credit Memo. The details regarding this form is as follows: - 

• Form Name & Number: - Capitalization Credit Memo & 164

• Form Overview: - A capitalization credit memo, which reduces the acquisition and production costs of an asset, essentially represents the opposite of an invoice for a purchased asset.

• Transactions & Activities: -To reduce the acquisition and production costs of an asset, you can use any of the following documents:

• Capitalization credit memo: -
  When you reduce the acquisition and production costs of an asset using a capitalization credit memo, you can apply the reduction to any depreciation area associated with the asset. If the depreciation area you specify is not a Posting to G/L area, no journal entry is generated.
  SAP Business One lets you create a capitalization credit memo for multiple assets. If you select all depreciation areas, the system creates a journal entry for each Posting to G/L depreciation area associated with the assets. In the journal entry, the asset balance sheet accounts are credited and the acquisition clearing accounts are debited.

• A/P credit memo

• A/P correction invoice