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How to reverse a transaction in Receivables
Posted: Fri Jun 12, 2009 4:38 am
by Goutamasa
Hi all,
How to reverse a transaction in Oracle receivables? there is a receipt created for this transaction and applied. I have unapplied the receipt to that transaction. Now, Please let me know how to reverse the transaction?
Posted: Fri Jun 12, 2009 10:45 am
by Erikson
You cannot reverse that Transaction. Instead create a Credit Memo nullifying the effect of that Transaction.
Posted: Sat Jun 13, 2009 3:29 pm
by oracleapps1983
Hi Erikson
Can you tell how to Void a Transaction or Cancel Transaction
Regards
Oracleapps1983
Posted: Sun Jun 14, 2009 2:25 am
by Erikson
Once a receipt is created against an AR Invoice Transaction and Invoice is accounted, then the Invoice Transaction cannot be voided or canceled. A Credit Memo can be created to nullify the effect of that Invoice Transaction which is same as reversing/ voiding/ canceling the Transaction.
But if accounting is not created for that AR Invoice Transaction, you can still incomplete that Transaction and delete/ change the line Information which is same as reversing/ voiding/ canceling the Transaction.
Posted: Wed Jun 17, 2009 1:37 pm
by attiq
Go to Actions
Click Credit to> Enter Date, GL Date, Type, Method (use prorate if u have tax applied on the invoice) Reason.
If you want to completely reverse the invoice Click CREIT BALANCE button
OR
If you want to Reduce the quantity or the amount Click on Credit lines
Select a line and enter quantity in negative.
Save it and Click Complete Button.