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How to reverse a closed Debit Adjustment

  • 4 January 2024
  • 1 reply
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Happy New Year!!

An incorrect AP invoice (status: closed) was posted in September but I tried reversing it with a debit adjustment (status: closed) posted in October.  I now try to reverse the incorrect debit adjustment with a credit adjustment (status: open).  Any ideas on how to close the credit adjustment, correct the AP invoice in September and correct the debit adjustment in October?

Any help is greatly appreciated!

Thank you!

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Best answer by Laura02 4 January 2024, 11:52

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Laura02
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Hello,

  1. If the periods are closed, you may need to log in as a member of Financial Supervisors role in order to post to the closed periods.
  2. Apply Debit Adjustment #1 to the Credit Adjustment you created, using Oct. date.
  3. Reverse the AP Bill again using date/posting period Sept. Apply the new Debit Adjustment #2 to the AP Bill using Payments & Applications screen in Payables and a date in Sept.
  4. Enter new corrected AP Bill.   

I hope this helps you!

 

Laura

Laura ~ Klear Systems, Inc. Irvine, CA. ~ Please remember to "Mark Best Answer" to help those who are facing the same problem.~

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