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Difference between Correct and Cancel action in Posted Purchase Invoice

Posted on by 295

I posted an Invoice a Purchase Order with line is GL.

I tried to test what are differences between Correct action and Cancel action in Posted Purchase invoice. I realized that:

- Two functions are almost same.

- Only difference:

+ Correct action: re-open the PO

+ Cancel action: leave PO be "Released"

Can you share more the difference ?

  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 73,378 Super User 2024 Season 2 on at
    RE: Difference between Correct and Cancel action in Posted Purchase Invoice

    Hi, hope the following helps as well.

    https://yzhums.com/3267/

    Thanks.

    ZHU

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    Nitin Verma Profile Picture
    Nitin Verma 21,091 Super User 2024 Season 1 on at
    RE: Difference between Correct and Cancel action in Posted Purchase Invoice

    Adding more info.

    Correct action: This action is taken when you need to make changes to a posted purchase invoice, such as correcting a billing address, updating the payment terms, or modifying the quantities or prices of the items. Correcting a posted purchase invoice creates a new document that reflects the changes made, while keeping a record of the original invoice. The corrected document will have a different document number and will include a reference to the original document.

    Cancel action: This action is taken when you need to cancel a posted purchase invoice entirely, typically because there is an error in the original invoice that cannot be corrected. Canceling a posted purchase invoice creates a new document called a credit memo that indicates the original invoice has been canceled. The credit memo will have a different document number and will include a reference to the original invoice.

  • Suggested answer
    Mohana Yadav Profile Picture
    Mohana Yadav 59,133 Super User 2024 Season 2 on at
    RE: Difference between Correct and Cancel action in Posted Purchase Invoice

    This can help

    learn.microsoft.com/.../purchasing-how-correct-cancel-unpaid-purchase-invoices

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