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What you need to know |
Credit Liens:
Credit liens result in overstating your financial balance for a particular account. To minimize credit liens do not:
- change the accounting information on any purchasing document while it is in routing
- process a CDPO or RPL while a VI is in routing
- process a VI for a closed DPO or DRO
- process an RPL:
- while a VI or NPCO is in routing
- after a DPO, DRO, or PO is closed
- process a DE for a DE that has a reversal date
- template a VI
DPO/DRO/PO:
- always use a VI document to pay an invoice and be sure to cite the correct DPO/DRO/PO (sometimes the vendor may indicate an incorrect order number on the invoice)
- always mark the Pay in Full box appropriately; it should be marked Yes on the last VI for the order
- do not pay against canceled/closed DPOs; create a new DPO for the remaining payment(s)
DE:
- If you enter a reversal date you won't be able to change it. Instead of entering a reversal date you can create another DE when it's time to reduce or remove the lien.
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