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

[Former Member]

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

[Former Member · Accepted solution]

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