Reverse Invoice – A summary of the activity

This activity allows you to reverse an invoice for which the details have been posted in the books of accounts. You can reverse an invoice that is in the “Authorized” status. The status of the invoice after reversal is updated as “Reversed”. The system generates a reversal document. Financial postings are made in the respective accounts to nullify the entry that has been earlier. The system stores the login ID of the user and the system date along with the reversal details.

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