Skip to Content
author's profile photo Former Member
Former Member

assistance to reverse an INVOICE that was processed and paid on september

Good day All

Can you please assist I need to reverse invoice with reference to a purchase order.It was processed and paid on the 20 September 2010.Can you advise how to reverse this invoice and process it later.I always get below message.

REVERSE ENTRY VALUE SET AUTOMATICALLY FOR FULL REVERSAL.

How should be the correct process if the invoice is already paid?

Thanks and regards

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Oct 14, 2010 at 08:44 PM

    If you want to cancel an invoice that is already paid, i assume the cheque/payment is not received by the Vendor and that also need to be canceled. Following the below steps,

    i) Cancel payment and Void the cheque (transaction FCH8)

    This would bring the invoice back to Open status from Cleared status

    Since payment belongs to September (closed month), use the reversal reason code '01' (reversal in current period) and give today's posting date.

    ii) Cancel the invoice with MR8M (if MIRO invoice) or FB08 (if FB60 invoice)

    Since invoice belongs to September (closed month), use the reversal reason code '01' (reversal in current period) and give today's posting date.

    Regards,

    Ganesh

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.