purchase pre payment invoice and month closed Need to be reversed in the current open month

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Posted on by CU30092224-0

a vendor pre payment is paid in the month of July2024 and the month is closed financially . but we need to reverse the vendor pre payment invoice in the current month . any help error message : # The fiscal period is closed for module purchase order on the date 07/30/24 #

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CU30092224-0 14 on at

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purchase pre payment invoice and month closed Need to be reversed in the current open month

Can we go in for a customization in lieu of #manually reversing in Vendor payment journal form or General journal entries on General ledger. will there be an impact ? reasons being , this type of a scenario often occurs , like a repeat offender in any business verticals. any recommendations.
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Bharath jain 799 on at

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purchase pre payment invoice and month closed Need to be reversed in the current open month

Hi,

As Bill mentioned, you can post a manual reversal for a payment. You cannot post in a closed period, but you can post for the current month when the period is open.

Regards,

Bharath Jain
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Bill Ngo 370 on at

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purchase pre payment invoice and month closed Need to be reversed in the current open month

Hi CU,

If you have made a prepayment related to the vendor account (vendor code) through the Vendor payment journal/General journal form, it is likely that you cannot revert for the same/different period + even though the period currently open. The reason is that it is related to the vendor balance because with transaction type Vendor balance can't be reversed.

If you are using D365FO, the best solution is to do this reverse by manually reversing in Vendor payment journal form or General journal entries on General ledger.