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Reversing Pay Application and AIA Report is Now Off

K
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Hi there! 

 

I reversed a pay application because it got rejected.  I applied a credit memo to the original invoice.  NOW - the pay application is showing like I still billed it and that it was never reversed.  This is throwing my payment application totally out of whack. Does anyone know what I can do to rectify? 

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Best answer by joelhoffman 11 July 2022, 19:48

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joelhoffman
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Hi @katiedavison 

The reversal / adjustment of an AIA Document (or any project/proforma) needs to be done via the proforma screen, not from AR. We can help decipher the details, when don the Proforma/AIA Revisions, there are a few other things to keep in mind and some feedback/recommendations that others have outlined;

  • Pay careful attention to dates when invoicing, reversing, correcting, releasing retainage… every step of the way, dates determine correct reporting on the AIA.
  • In general, reverse documents in opposite order of how they were created (Last in, First Out).

I’ll ask someone to reach out and review your situation and next steps.

Thanks.

Joel Hoffman
K
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My question has been answered!  Heidi got in touch with me right away.  Thank you Acumatica!

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