PLEASE CLARIFY THAT ONCE THE PAYMENT IS MADE FROM ACCOUNTS PAYABLE, IS THERE ANY OTHER WAY TO CORRECT THE DISTRIBUTION. IS THERE ANY SOLUTION LIKE ENTRY AGAIN STANDARD INVOICE AND DEBIT MEMO AND CHANGE THE DISTRIBUTION AND MAKING IT ZERO PAYMENT INVOICE.
IS THIS PRACTICE SUITABLE IN MAKING ADJUSTMENT OR IT WILL BE DONE MANUALLY.
ADJUSTMENTS FROM A/P AFTER PAYMENT
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- Location: India
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You wanted to change the distribution of an Standard invoice in Payables Module after the payment is made .....
to my knowledge it can be achieved by the below process .....
1) Void the payment ...
2) Reverse the distribution
3) Enter the correct or required distribution
4) Validate the invoice
5) Make payment to the invoice
6) Account for invoice and payment ....
to my knowledge it can be achieved by the below process .....
1) Void the payment ...
2) Reverse the distribution
3) Enter the correct or required distribution
4) Validate the invoice
5) Make payment to the invoice
6) Account for invoice and payment ....
Hello.
You can change the distributions accounts and amounts even after the invoice has been paid and the payment has been reconciled. You do not need to void the payment to do that.
You will be able to change the asset clearing account, once it is used in the distributions.
There is no way of changing the Liability account unless you cancel the payment and re-enter the invoice.
Octavio
You can change the distributions accounts and amounts even after the invoice has been paid and the payment has been reconciled. You do not need to void the payment to do that.
You will be able to change the asset clearing account, once it is used in the distributions.
There is no way of changing the Liability account unless you cancel the payment and re-enter the invoice.
Octavio
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- Posts: 1
- Joined: Thu Nov 29, 2007 11:13 am
- Location: India
Yes. You can make adjustments to invoice distributions even if invoice is accounted. After adjustments, we need to do create accounting again for the invoice transaction.
If the period is closed, then either you should open the period and then do adjustments or you can enter the GL date (in invoice distribution) which is in open period.
Cheers,
Saravanan
If the period is closed, then either you should open the period and then do adjustments or you can enter the GL date (in invoice distribution) which is in open period.
Cheers,
Saravanan
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