cancel invoice negative posting

[Former Member]

(1) I book a wrong invoice, should I use credit memo or VF11 to cancel?

Dr: customer 1000

Cr: revenue 1000

actually I want Dr: customer -1000

         Cr: revenue: -1000

I already allow negative posting, but can VF11 generate above accounting entry?

(2) I book another wrong invoice

Dr: Customer  1000

Cr: revenue 1000

actually I want Dr: customer 300

         Cr: revenue:300

can i use VF11?

[moazzam_ali]

Dear

(1) I book a wrong invoice, should I use credit memo or VF11 to cancel?
Dr: customer 1000
Cr: revenue 1000
actually I want Dr: customer -1000
         Cr: revenue: -1000
I already allow negative posting, but can VF11 generate above accounting entry?

VF11 will just reverse the original accounting entry. Dr account will be credited and credit account will be debited with same amount.

(2) I book another wrong invoice
Dr: Customer  1000
Cr: revenue 1000
actually I want Dr: customer 300
         Cr: revenue:300
can i use VF11?

You can reverse the invoice and regenerate it with correct values or you can post credit note to customer with document type CR without reversing original invoice.

Thanks

[Former Member]

quite confused,in my first scenario, if I use credit memo, can I generate Dr: -1000 accounting entry?

which one should I adopt? , can you list pros and cons?

[Lakshmipathi]

For these sort of queries, it would be better if you test in development client and check the FI postings. 

G. Lakshmipathi

[Shiva_Ram]

Read OSS Note 1259505 - FAQ: New cancellation procedure in SD and Note 400000 - FAQ: Transaction VF11: Cancellation of SD billing documents

Regards,