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Reversing invoice reciept

Former Member
0 Kudos

Hi,

What does reversing invoice reciept mean?

Thanks,

Reson

1 ACCEPTED SOLUTION

asarat
Explorer
0 Kudos

There could be various reasons like check reject or debit memo rejection etc because of which an invoice that has already been sent to the Customer has to be Reversed. Since an invoice can not be canceled, it will be reversed and an alternate invoice document is created to nullify the original one by using negative amount fields. this is called reversing invoice receipt process in general. hope u understood.

please reward points appropriately.

1 REPLY 1

asarat
Explorer
0 Kudos

There could be various reasons like check reject or debit memo rejection etc because of which an invoice that has already been sent to the Customer has to be Reversed. Since an invoice can not be canceled, it will be reversed and an alternate invoice document is created to nullify the original one by using negative amount fields. this is called reversing invoice receipt process in general. hope u understood.

please reward points appropriately.