Cancellation of credit invoice

[former_member832341]

We had a credit which was invoiced and since cancelled but when I look at billing list I see negative values in both the original invoice and the cancellation invoice. I would expect the cancellation to be positive values to balance. How do I see where a billing document should be positive or negative to the financials? In other words where is billing defined that standard order is adding to financials and that a return is subtracting etc.....

[Former Member]

Hi,

The flow is as below -

Each billing type is linked to accounting document type, in general we use RV to transfer values to financial accounting.

Accounting document types are under the preview of Finance and this are define in T.Code -OBA7 and

each account document is linked to account indicators i.e Credit or Debit, in SD we use the following for RV Document type -

40 Debit entry Debit G/L account

50 Credit entry Credit G/L account

For reversals, we assign the reverse account indicator for account indicator through T.Code - OB41 that is

For 40 reversal entry is 50 and for 50 reversal is entry is 40

For more clarification, sit with your FI Consultant for more clarity

Regards

Goutham