Reverse Invoice – A summary of the activity

This activity allows you to reverse an invoice for which the details have been posted in the books of accounts. You can reverse an invoice that is in the “Authorized” status. You cannot reverse an invoice for which the payment has been received through cash. The status of the invoice after reversal is updated as “Reversed”. Financial postings are made in the respective accounts to nullify the entry that has been earlier. The system stores the login ID of the user and the system date along with the reversal details.

Getting familiar with the pages inside

What you can do in this activity

Reverse an invoice

Reverse an invoice

An invoice that has been raised wrongly can be reversed. By reversal it is meant that a reversal document is generated for the invoice based on which the financial postings that have been earlier have been reversed. An invoice that is in the “Authorized” status can be reversed.

• Go to “Reverse Invoice” page.

• Reverse the invoice after selecting the reason code.