invoice corrections

[Former Member]

Hi

My client receives PO from customers along with the price to be supplied.

As per the Po my client bills the customer.

If there are any price changes customer sends Ammendment order quoting the prices after change so there may be an increase in price or decrease in price

And also mentions from the date effective mostly it will be from 3 or 4 monts back only

example with effect from OCTober how to correct the invoices

[Former Member · Accepted solution]

Dear Rithivika,

Irrespective of the Period, once Invoice is created, can't be changed.

You have to issue Debit/ Credit Note to Customer.

Best Regards,

Amit.

Note: Also, another way is to Cancel the Invoice and re-issue the same, but i don't think, FI-Personnels will open the Period and reserve the same in to that period only. If wish, the same can be taken in to current perod, and then new invoice could be generated and sent.

[Former Member]

Hi Rithvika,

Now you cannot change the invoice , as it is not possible .

So only thing what you can do is that pls create a credit note or debit note as per your requirement to the customer.

As you know that invoices are always legal so we need to maintain in the standard way .

Its better not to cancel the invoice because while auditing we need to provide the same.

So best way is to go with credit / debit note.

Regards,

Vvieks

[Former Member]

Hi,

Since it already 3 or 4 monts back,it's better to create Credit/Debit Memo with reference the corresponding invoice. Enter the difference price in the Credit/Debit Memo.

Hope this solve your issue.

Cheers,