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

[Former Member]

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

[former_member187989 · Accepted solution]

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

[Former Member]

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

[former_member187989]

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

[former_member583013]

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

[Former Member]

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

[Former Member]

Hi,

Thanks for responding. This is not correct answer. After making outgoing payments against the A/P Invoice, the invoice gets closed. We can't reverse it? Can u try and give some other solutions.

Bye

shriraam.s

[K_Pauquet]

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