You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Need clarification on Payment Accounting on Invoice Adjustments

Dear All,

We have a multiperiod Invoice which was paid and was later adjusted to correct the distributions. We see adjustment events at the Payment Level too for this with Cash and Cash Clearing account getting impacted as well. We tested many scenarios in TEST and see that on Payment Adjustment, only Liability account gets adjusted, but Cash and Cash Clearing do not get impacted.

We need to get an understanding on the Payment Accounting with multiple adjustment events including "Payment Adjusted" as well as "Payment Clearing Adjusted".

Please advise.

Regards,

Neha

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!