This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Hello.
You use Reverse to correct a receipt that is incorrect for some reason or should not have been entered at all.
In R12 you can apply the receipt to Refund, which will lead to the return of the money to the customer.