Reverse A/R Invoice

[former_member418241]

Hi All,

How do you cancel or reverse an A/R Invoice which is not paid means the invoice is open ? One thing I can think of is A/R Credit memo. Apart from this is there any other way to do?

thanks

SV Reddy

[jitin_chawla · Accepted solution]

Hi,

You cannot cancel a AR Invoice as the Invoice is a legal document. The reversal is only possible by creating a AR Credit Memo based on the Open AR Invoice.

Regards,

Jitin

[former_member418241]

Thanks all

[former_member186095]

you could use reconciliation feature i.e. you seek the open credit memo and then reconcile with your invoice.

Rgds,

[K_Pauquet]

Hi SV,

the reverse doccument for an invoice is a credit memo. As long as the invoice is still open, you may use it as a base document for the credit memo. Reconciliation is then automatic.

If you need to , for example, write off an unpaid invoice, then you may create a manual journal entry & then use the internal reconciliation functionality to link the documents & thus close the invoice.

All the best,

kerstin

[Former Member]

hi SV Reddy,

Can you mention, your reasons for not using A/R Credit Memo?

Regards,

Abhishek