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Former Member

How to reverse the amount after making outgoing payments againt A/P Invoice

Hi,

I have raised A/P invoice and made outgoing amount against the respected invoice also. But, I need to return the goods to the vendor as well as the amount paid will be reversed. Is it possible in SAP B1? Can any one help me?

Expecting ur favourable response

bye

shriraam.s

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5 Answers

  • Best Answer
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    Former Member
    Sep 05, 2008 at 09:08 AM

    In form settings of ap credit memo make g/l account field

    visible & active both in table & row format & check in

    row level of credit memo whether g/l account is available or blank.

    If it is blank define respective g/l in item default warehouse

    and then try to add ap credit memo.

    Jeyakanthan

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    Former Member
    Sep 04, 2008 at 05:34 AM

    Hi Shriraam,

    You can use A/P Credit Memo to reverse the A/P Invoice. This transaction will both reverse the amount and inventory.

    Thanks,

    Gordon

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    • Hi Shriraam,

      in version 2007 the invoice will be reopened, in the lower versions it won't, yet it will be available for internal reconciliation again.

      Hence, cancel the recociliation & cancel the payment. If you wish to credit the supplier, create a stand-alone credit memo & internally reconcile it with the invoice. Care must be taken with the stock transaction & stock revaluation(s) might be necessary.

      All the best,

      Kerstin

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    Former Member
    Sep 04, 2008 at 05:47 AM

    You could right click on the Outgoing Payment Window and Cancel the Payment...which will open the AP Invoice and you may then copy it to Credit Memo

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    Former Member
    Sep 04, 2008 at 05:51 AM

    Cancel required outgoing payment made against ap invoice.

    This will make ap invoice open,do ap credit memo from ap invoice for returned quantity.

    Jeyakanthan

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    Former Member
    Sep 05, 2008 at 07:31 AM

    But in this scenario, when am posting A/P Credit memo from A/P Invoice it shows an error,

    No matching G/L Account found-OACT Error

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