How to cancel credit memo in oracle receivables

How to cancel credit memo in oracle receivables

 

In this post , We will discuss about , how we can cancel the credit memo in oracle receivables. We creates credit memo in Oracle receivables to reduce the final billed amount for customer due to some bad products or delay in service so we create credit memo to do the adjustment in the customer invoices to reduces the final billed amount. Here we are discussing how to cancel credit memo in oracle receivables but We cannot cancel the credit memo in oracle receivables. This option is available in oracle payables. But in Oracle receivables we can only delete the transactions but that transactions should be in the incomplete status. Here below is the complete steps for how to cancel credit memo in oracle receivables.

 

 

Allow transaction deletion oracle is the feature available in the Oracle receivables. If we want to delete the AR transactions like Invoice , Credit and Debit memos then we need to enable this allow transaction deletion oracle But in Oracle receivables we can only delete the transactions but that transactions should be in the incomplete status. Here below is the complete steps for how to cancel credit memo in oracle receivables.

 

 

 

Detail steps for how to cancel credit memo in oracle receivables

 

 

Step1:- First we need to Incomplete the credit memo in oracle receivables

Step2:- AR System Options > Trans and Customers tab > Check Allow Transaction Deletion > Save
Go to the Transaction and delete it normally with the Delete Option menu.