Page 1 of 1
ADJUSTMENTS FROM A/P AFTER PAYMENT
Posted: Sat Oct 10, 2009 6:34 am
by zshankhan
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.
Posted: Sun Oct 11, 2009 3:42 pm
by karthikeyanp1981
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 ....
Posted: Mon Oct 12, 2009 11:42 am
by zshankhan
Thanks!
But the problem is that those payments are already reconciled from cash management and have issued to the supplier. There are certain transaction effecting wrong accounts of asset clearing and liabilities. Some transactions relates to previous periods as well.
Posted: Mon Oct 12, 2009 12:01 pm
by oteixeira
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
Posted: Thu Oct 15, 2009 11:16 pm
by sivakumar ganapathy
Check your payables option, if allow adjustment to paid invoices is enabled then you can adjust the invoice even after the payment but only before the payment is accounted,
Posted: Mon Oct 19, 2009 9:59 am
by AmanKhan
You can make adjustment to invoice distributions even if invoice/payment is accounted.
Posted: Thu Oct 22, 2009 10:11 am
by guhanadh
In Case if Period is Closed
Posted: Fri Oct 23, 2009 5:08 pm
by tgs100
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