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Approve a debit note

Every debit note created or modified in Fusion Cash Management (FCM) must be approved. FCM uses Maker-Checker method for approval.

To approve a debit note

1.     Navigate to SCF.

2.     Click Invoice Center >> Debit Notes. The Debit Note page displays the list of existing debit notes.

3.     Select the required debit note to be approved.

4.     Click Approve.

These debit notes are then reconciled with the outstanding Invoices either at EOD or when the bank user initiates the reconciliation process. Once the Invoices are reconciled, the outstanding amount of the Invoices is reduced to the extent of the debit note.

·        You can approve debit note with the Submitted status only.

·        After approval, the status of the debit note changes to Approved.

·        You can also reject the debit note using the above method. Select the debit note and click Reject. Specify the reject remark on the popup and click OK.