Reversal Of Transfer Of Credit

Cancel processed credits and charges transfer in the system. This involves reversing all credits previously transferred to the customer.

Navigation

1. From the homepage, go to Finance module.

2. Navigate to the Accounts Receivable and Reversal of Transfer of Credit.

Guide

1. Click the Create New button.

2. Select the Business Entity from the list.

3. Select the Reversal Date:

• Approval Date
• Original Document Date
• Select Reversal Date

4. Input the Reversal Reason.

5. Add Credit Transfers for reversal by clicking the Add Transfer of Credit(s) button and selecting the credit to reverse from the list.

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

7. Click the View Journal Transaction to review the adjusted journal entries.

Related Articles

• Accounts in Credit
• Transfer of Credit
• Customer Refund Voucher