Create Reversal Request – A summary of the activity

This activity allows you to reverse the provision created for bad debts by way of a reversal request. You can also view the document information and specify the amounts for which provisions have to be reversed. The system also computes the total base amount of the reversal. You can also specify the analysis and sub-analysis code for analysis purpose. You can also view the accounting information through this activity.

Provision created through multiple provision requests can be reversed through a single reversal request.  If you want to reverse a single provision request directly, you can do this by including the provision request as a filter while retrieving documents for reversal of provision.

The system generates the voucher on creating the reversal request. The system saves the login ID of the user and the system date along with the creation details.

Getting familiar with the pages inside

What you can do in this activity

Reversal of provisions

Reversal of provisions

Provision for bad debts can be created for the customer with overdue documents. The same is reversed through this activity.

• Go to “Create Reversal Request” page.

• Retrieve the document details by carrying out the search.

• Specify the provision reversal amount for the document and create the reversal request.

The system updates the status of the provision request to “Fresh”. The system saves the login ID of the user and the system date along with the creation details.