invoice cancellation after payment

[former_member223456]

Hi gurus

My client has an invoice of december month for which accounting docs are cleared(payment is done). Now we want to cancel it and create new invoice inthis month. Can u please tell the process and impact of this action?

[former_member223456]

thank you

[Lakshmipathi]

Impact will be sales volume generated in the previous month would be decreased to that extent. Since the customer has already effected the payment and cleared the due, once you cancel this billing document, there will be a credit entry in customer account.

Now in the current month if you generate a fresh billing document, it should be cleared immediately by FI people by adjusting the above credit entry.

By the by, how about PGId document ?? You should be aware, once the MM period is closed, you cannot cancel and reverse the inventory in the previous period. Better, do a test process in development client, take concurrence from client (from purchase side, sales side and finance side) on the outcome and once they give a green signal, you can proceed accordingly.

thanks

G. Lakshmipathi

[Former Member]

Dear Friend,

Yes you can. If the cheque has been cleared in the bank pls do a reversal for the same, then do a reversal for the receipt entry and then finally the invoice.

if the cheque has not yet been cleared at the bank then please do a receipt reversal and invoice cancellation.

.Hope this helps or this is what you are looking for in the forum.

Regards

Maddy