Do we still use the term Debit Memo?

No, the term debit memo is a historical term no longer used. At one point, a debit memo form was used as a source document for both Internal Revenues/Expense Recoveries and Journal Entries.

These transactions are now separate processes, and we use the Journal Entry form found here:

Forms for Processing in FIS

For more information on these transactions, please refer to the FAST Tip (Sept 2014, Volume 1, Number 9).

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Learn More:

• Form: Journal Entry
• Reference Guide: Enter Journal Entry
• Simulation: Enter Journal Entry
• Reference Guide: Internal Revenues/Expense Recoveries
• Simulation: Enter Internal Revenues/Expense Recoveries
• Training Documentation: G/L Account Posting – Basic Data Entry

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Last Updated:  August 3, 2021