Direct and Consignment Invoice Reversal

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Direct and Consignment Invoice Reversal

Overview

This application allows you to reverse direct, consignment and tax agent invoices.  Only invoices that have not been paid or allocated can be reversed.  The reversed invoice and reversal in the supplier account, as well as consignment liability account will be allocated together.  All previous allocation and withholding markers will be cleared when the reversal is posted.  If you are using the translation functionality, the same translation used for the original invoice, will be copied to the reversed invoice translation.

 

Function

When the application is opened you will view the following screen:

 

Choose the invoice type you wish to reverse using the radio buttons:

 

Select the journal number you wish to reverse.  The remaining details will automatically be populated:

 

You are only allowed to post in the current period unless you have level 3 access rights:

 

When you click on the button the period will automatically be changed to the current period.

The Comment field is compulsory:

 

When you have completed all the information click on the button.

 

 

 

Journal Listing Example: