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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