How to cancel an invoice in oracle payables
Here we are going to discuss about how to cancel an invoice in oracle payables. Oracle Payables Provides the flexibility to cancel the AP invoice in Oracle Payables. If we are going to Cancel the Paid Invoice then First Step we need to Void the Payment again this Invoice and once the Payment will be voided then after that , we can cancel the invoice in oracle payables. During Cancellation , System reverse the Accounting entries of the Invoice during Cancellations.
3 Important rules of Invoice Cancellation in oracle payables
1.Paid Invoice Cannot be Cancelled. We first need to Void the Payment and then we can do the cancellation of this Invoice.
2.System do the cancellation of the Invoice in the Current Open Period. It means the Reverse accounting impact will happen in the Current Open Period.
Steps to cancel an invoice in oracle payables
Step1:- Go to Oracle Payables Invoice and click on Actions Button as below.
Step2:- Click on the Cancel Invoices Check Box and click Ok and then Invoice will be Cancelled.
How to cancel an invoice in oracle payables
1 comments:
What if someone discarded the line of a paid invoice accidentally?
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