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Yes, the best way is to create a Credit note for posted invoice, please find below way to post a credit note:
1) Go to the Accounts Payable module in your Finance & Operations system. Find the invoice that you want to correct.
2) Create a new credit note document associated with the original invoice. This credit note should contain the same invoice number as the original invoice, but with negative amounts for the lines you want to correct.
3) Add line items to the credit note for the quantity that was erroneously invoiced. Use negative quantities and negative amounts to offset the incorrect invoice. You are essentially crediting the erroneous invoice line. Make sure to reference the original purchase order number on the credit note.
4) This will link the credit note to the original PO and invoice. Verify that the accounting entries correctly offset the erroneous invoice. You should see a reduction in accounts payable and an appropriate credit to the vendor. If you have already made a payment for the erroneous invoice, you may need to adjust the payment accordingly. This could involve either reducing the next payment to the vendor or requesting a refund.
Hope this answer will help you.
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