Reversing historical invoices

Historical invoices with posted applications are included in the invoices with posted applications list. Historical invoices have a reversal header record if the Allow Historical Application Reversal field on the Receivables company is selected.

The invoice reversal header includes the status change from historical to open, for a qualified invoice, credit memo, or debit memo. The status change from historical to open occurs for any detail reversal records regardless of whether the company's historical application reversal field is selected.

  1. Select Receivables > Applications > Review Applications > Invoice Reversals.
  2. Search for a desired transaction.

    Company, type, and invoice are required for best performance.

  3. Click Create Reversal Header to select specific application details to be reversed, or click Create And Reverse All to reverse all applications for the payment.

    Application Reversal Creation can be run instead of the invoice reversal header’s release action to create the reversal application records.