Undoing the Application of a Credit

If a credit is applied to an invoice by mistake, you can undo the application of the credit.

This task undoes the application of a credit; it does not undo the credit itself. (To undo a credit, Undoing a Statement Line.)

Constraints

You must undo statement approval before you undo the application of a credit, if the statement has been approved. (For more information, see Undoing an Approval for a Statement.)
You cannot undo the application of a credit if a voucher has been printed for the invoice to which the credit was applied. To undo the credit application, you must first void the voucher. (For instructions, see Voiding a Voucher.)

Effects

Removes the link between the credit memo and the invoice and unassigns the credit amount. If you print a voucher, the voucher will include the full invoice amount (without the credit).
Does not unexpend and re-encumber the budget on the PO line. This happens when you first undo the statement approval. (For more information, see Undoing an Approval for a Statement.)

To undo the application of a credit

1 Open the credit memo or nontitle credit memo whose credit application you want to undo.
2 Choose Statement, Apply Credit to display the invoices to which the credit has been applied.

Horizon displays the Apply Credits window. (For a description of the fields in this window, see Apply Credits (Credit with Invoices) Window.)

3 Highlight the invoices for which you want to undo the credit application.
4 Click Undo.

Horizon undoes the application. The Invoice is not removed from the window until after you close and reopen the window.

 


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