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Reversing the Debit Adjustments

  • October 3, 2023
  • 4 replies
  • 717 views
Y
Freshman I
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Hi Team,

I have the following question regarding the reversals of debit adjustments. (Payable Module)

I have created a debit adjustment & didn’t apply to any AP bill because I found out that the created debit adjustment is wrong. Therefore, in order to correct that I reversed the debit adjustment & it created a credit adjustment. In my GL accounts the balance is net-off & it is in order. But the question is, the credit adjustment & the debit adjustment is still in open status. How am I suppose to close those documents ? Please note that I don’t have any document to apply.

 

Thank You & Best Regards,

Yashodha

 

 

Best answer by Laura03

Hello @yashodhalakshini85 ,

To match AP Debit to AP Credit:  In Payables, Checks & Payments screen, Select the Debit Memo to the top of the screen.

On Documents to Apply, select the Credit Memo. Adjust Date as needed, and release.

 

    Laura03

    4 replies

    Laura03
    Captain II
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    • Laura03
    • Captain II
    • Answer
    • October 3, 2023

    Hello @yashodhalakshini85 ,

    To match AP Debit to AP Credit:  In Payables, Checks & Payments screen, Select the Debit Memo to the top of the screen.

    On Documents to Apply, select the Credit Memo. Adjust Date as needed, and release.

     

    ~ Laura Barber, WM Synergy
    StevenRatner
    Chris Hackett
    Y
    Freshman I
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    Hi @Laura02,

     

    Thank you so much !

     

    Regards,

    Yashodha

    Laura03
    Chris Hackett
    F
    Freshman I
    • fsemin81
    • Freshman I
    • April 3, 2024

    Hi there, 

    Ii there a way to unapply Dr Adj to a Bill (both are closed)? The problem is that the debit adjustment doesn’t have subcontract linked. 

     

    Thanks,

    Felix

    Laura03
    Captain II
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    • Laura03
    • Captain II
    • April 3, 2024

    Hello @fsemin80 ,

    Debit Adjustments can be Unapplied using Reverse Application button on Applications tab of Checks & Payments screen. Click Reverse Application, then click Release, to disconnect the two documents.

    Laura

    ~ Laura Barber, WM Synergy
    Chris Hackett
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