Entering a reversal of a vendor invoice or other charges

Use these instructions to reverse a transaction in Vendor Invoice Center Entry. For example, you can reverse an invoice or service charge that has been entered in error.

The only time you are required to reverse a transaction in Vendor Invoice Center Entry is after the original transaction has been processed through Final Update. If the transaction has not been processed through final update, you can maintain the transaction without entering a reversal.

Select Vendor > Entry > Invoice Center.
Specify the group name, and then click New.
Specify this information:

Vendor #

Specify the vendor’s number.

Transaction Type

Select Reversal

Reversal Type

Select Invoice or Misc Credit.

Apply to Invoice #

Specify the invoice or miscellaneous credit number to be reversed.

Invoice Date

Specify the date of the reversal.
Click Save.
If necessary, click New to specify the proper GL accounts to be updated for the reversal. Otherwise, the GL is updated automatically to reverse the GL and inactivate the invoice.