Intercompany Issue

[Former Member]

Hi,

I have an intercompany scenario.The customer invoice has 2 line items out of which one was suppose to be cancelled but it didint happen and both the line items are posted.The XY clearing method has also setteled the vendor and customer accounts..

Now what can I do to revert the changes without any impacting the financial reports.Please let me know in case of any othe rinformation from my end.

[former_member660811 · Accepted solution]

Hi,

I have faced a similar situation in our company

The possible options available are

1) First option is to Correct the invoice through invoice correction request . But since the invoice has been sent to the customer, you can call back the incvoice and send the new corrected one. Also ensure you reverse the excise for the same.

2) If gettting back the invoice is a problem then give credit memo to the customer and make the necessary excise entries in J1IH .

Rgds

[aramsum]

Hi ,

I don't think its a good /viable option to cancel the cleared documents. But If you really want to reverse the Invocie(intercompany), please check whats the billing type associated with the intercompany billing document(VOFA--Tranasaction) and

Create a new document. But as suggested above the best option would be to created an "Internal Credit Memo" ,Document type "IG". This way you would not spoil the reports. Kindly please let me know If you need any more Information on this.

Regards,

Ram Pedarla

[Jelena]

I'm not a specialist, but don't you have some kind of an IC credit memo / cancellation procedure for cases like this?