How to reverse a transaction in Receivables

[Goutamasa]

Hi all,
How to reverse a transaction in Oracle receivables? there is a receipt created for this transaction and applied. I have unapplied the receipt to that transaction. Now, Please let me know how to reverse the transaction?

[Erikson]

You cannot reverse that Transaction. Instead create a Credit Memo nullifying the effect of that Transaction.

[oracleapps1983]

Hi Erikson

Can you tell how to Void a Transaction or Cancel Transaction

Regards
Oracleapps1983

[Erikson]

Once a receipt is created against an AR Invoice Transaction and Invoice is accounted, then the Invoice Transaction cannot be voided or canceled. A Credit Memo can be created to nullify the effect of that Invoice Transaction which is same as reversing/ voiding/ canceling the Transaction.

But if accounting is not created for that AR Invoice Transaction, you can still incomplete that Transaction and delete/ change the line Information which is same as reversing/ voiding/ canceling the Transaction.

[attiq]

Go to Actions
Click Credit to> Enter Date, GL Date, Type, Method (use prorate if u have tax applied on the invoice) Reason.

If you want to completely reverse the invoice Click CREIT BALANCE button
OR
If you want to Reduce the quantity or the amount Click on Credit lines
Select a line and enter quantity in negative.
Save it and Click Complete Button.