Reversal Of Credit Note From Vendor

Reverse credit notes from vendor in the system stating relevant reasons for reversal.

Navigation

1. From the homepage, go to Finance module.

2. Navigate to the Accounts Payable and Reversal of Credit Note From Vendor.

Guide

1. Click the Create New button.

2. Select the following:

• Business Entity
• Date Reversal On: Approval Date, Original Document Date or Select Reversal Date
• Date (if to select a reversal date)

3. Under Reversal of Credit Note Items, click the Add Credit Notes button and select the related credit note to be reversed from the dropdown.

4. Once done, click the Submit for Approval button.

Notes:

• An existing credit note is not required. It's possible to add a new credit note into the system for record keeping purposes. The uploaded credit note will then be available for deletion. 
• If a Posting Date is not specified, the system will post the reversal on the Approval date.
• If a Posting Date is selected, the system will post the reversal on the chosen posting date.

Related Articles

• Credit Note From Vendor
• Payment
• Mass Payment
• Reversal of Payment
• Payment Status Update