Releasing pending application reversals

Use this procedure to create reversing cash application and cash application adjustment records. These records serve as an audit trail as payments and invoice are restored to a pre-application state. You must run Application Close to process the application reversals.
  1. Select Receivables > Applications > Review Applications > Payment Reversal or Receivables > Applications > Review Applications > Invoice Reversal.
  2. Select a payment or invoice record and click Release.