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Impact on revenue recognition if the invoice is cancelled

Former Member
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Hi

I wanted to cancel an invoice which is already posted to accounting & the Revenue Recognition is running.

Could you please tell me what is the impact of Invoice

cancellation on Revenue recognition...?

Regards

Prasad

Accepted Solutions (0)

Answers (1)

Answers (1)

ranjeetrajendra_jain
Active Contributor
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An invoice cancellation would reverse all the FI entries hence the revence would be reduced by the revenue amount posted by that invoice...

Actually all the entries posted to FI would be reversed

Further use your imagination....

Regards