Posted application reversal

After you have posted to Global Ledger, you can reverse some of these applications:

Form Description
Payment application Mark the applications that you want to reverse. You cannot reverse these types of applications:
  • Applications for balance forward customers
  • Historical payment applications
  • Applications that are associated with historical invoices or debit memos
  • Applications with an associated chargeback type adjustment
  • Previously reversed applications
  • Payment application adjustment involving a credit memo created from a payment are exempt from processing
Receivable Invoice Application Reversal Reverse a posted application for an invoice, a credit memo, or a debit memo. You cannot reverse these types of applications:
  • Applications for balance forward customers
  • Historical applications
  • Applications with an associated chargeback type adjustment
  • Previously reversed applications
Payment Reversal Run this application to complete the reversal process. This creates a report of the payment application reversals by batch number and entry sequence and includes both payment and company totals. Reversing Global Ledger entries are created for each application and applicable adjustment reversal requested. Run Distribution Close to transfer these journal entries to Global Ledger.
Note:  If the payment or transaction currency has not changed across the report, then report totals are printed in that currency. If payment or transaction currency has changed, then no report totals are printed.