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Former Member

Reversing of accruals for Rebate agreement with status D

Issue :

Rebates were wrongly accrued because business had cancelled final settlement for rebate agreement ,and then created new rebate agreement for final settlement.

Details:

Three rebates agreements were created for the same customer .

Two of them were wrongly created and final settelment was done by business .

So business cancelled final settellemnt for these 2 rebate agreement.Hence status of these rebate agreement is D.

(Note -credit memo was not issued for these 2 rebate to the customer)

Third new rebate agreement was finally created and after final settelment credit memo was issued to customer.

Now since for first 2 rebate agreement final settelment was done and then cancelled,accruals are still sitting in G/L account.

Please suggest how to reverse these accruals, so that G/L accounts can be cleared.

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1 Answer

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    Former Member
    Oct 07, 2010 at 07:29 AM

    Hi Saurabh

    Why dont u reverse the entry direcely in FI by passing an entry with document type SX to reverse the accrual.

    Thanks

    Indranil

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