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Accounting for Supplier invoice reversals

Received Response


An invoice was accounted in JAN-23 (first line below) and then reversed in MAY-23 (line 2&3 below). Line 2 is new debit and line 3 credits line 1

Accounting for line 1 in Projects: Same as seen in AP

Accounting for line 2 in Projects: Not the same as seen in AP, but correct as per accounting rules. SLA rules is overwriting the original accounting. Still all good (would be nice if the accounting strings in AP was updated accordingly!)

Accounting for line 3 (reversal) in Projects: Not the same as the original debit line and thus no financial impact. Line 2&3 has zero effect in GL

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