Ordering functionality that FOLIO needs to stay competitive (UXPROD-3440)

[UXPROD-4395] Credit memos in a multi-FY environment Created: 12/Jul/23  Updated: 30/Nov/23  Resolved: 01/Sep/23

Status: Closed
Project: UX Product
Components: None
Affects versions: None
Fix versions: None
Parent: Ordering functionality that FOLIO needs to stay competitive

Type: New Feature Priority: P3
Reporter: Joseph Reimers Assignee: Joseph Reimers
Resolution: Won't Do Votes: 0
Labels: LC-priority1, loc
Remaining Estimate: Not Specified
Time Spent: Not Specified
Original estimate: Not Specified

Issue links:
Defines
defines UXPROD-4396 AP system integration Draft
Relates
relates to UXPROD-3256 Allow user to process invoices agains... Closed
Epic Link: Ordering functionality that FOLIO needs to stay competitive
Development Team: None
PO Rank: 0

 Description   

Current situation or problem: Libraries paying on funds over multiple FYs who receive credit memos need to associate credit memos with the appropriate FY and have a mechanism for resolving credit memos if the associated FY is no longer "open"

Note: This feature may be covered by UXPROD-3256 Closed but we need to verify and build test cases for validation.

In scope

Out of scope

Cancellations/disemcumbrances not associated with credit memos or refunds

Use case(s)

Library places a preorder with prepayment in FY 2020. In FY 2022, the vendor issues a credit memo because they cannot or will not fulfill that order. Library needs to associate that credit memo with FY2020.

Library places a preorder with prepayment in FY 2020. In FY 2022, the vendor cuts the library a refund check because they cannot fulfill that order. Library needs to assign funds from the check to FY2020 as a credit memo

Library places a preorder with prepayment in FY 2016. In FY 2022, the vendor issues the library a credit as above. Because FY 2016 is no longer open or payable, library needs a process for handling the credit.

Credit memo needs to be retrieved via external script for update into external financial system

Proposed solution/stories

Links to additional info

Questions



 Comments   
Comment by Joseph Reimers [ 01/Sep/23 ]

Covered by UXPROD-3256 Closed . Verified that the required behavior already exists.

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