Payables and Cash Management - EBS (MOSC)

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R1213: AP - FA, If we cancel the Asset Invoice in AP after ran depreciation for two months what will

edited May 27, 2020 5:09AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered

Hi Guru's, Please help

we have Asset AP Invoice in Jan-20 been processed for validation and accounting them move to FA in JAN-20, in Mar-20 we realized that the Tax is not been calculated  properly while application of Prepayment, as the reason is user were trying to validate and prepayment application at a time hence for the St Invoice VAt not been calculated properly, Now we need to cancel the Invoice and Recreate New Invoice then validate first before applying prepayment for system to determine taxes separately for Invoice and Prepayment.

And the invoice Distribution lines been Transferred to FA , in FA we are running Dep from Jan-20, If we cancel Source Invoice now in APR-20 which is Open, Is there any thing will be impacted for the Same Asset in FA, also If wee recreate New Invoice again it will not go to FA as we have already have Assets for to be Canceled Invoice?

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