Share
ReportWhat is the difference, in Accounts Payable, between Corrective Credit Memo and Cancel?
Categories:
You’re offline. This is a read only version of the page.
3,480
What is the difference, in Accounts Payable, between Corrective Credit Memo and Cancel?
Thank you, for explaining that so well, MahGah!!!
John
This is how someone explained it to me
1) Cancel means you do not want to collect that invoice. Hence no AP
2) Corrective mean you want to collect that invoice but you need to correct the amount. Hence, correct amount AP.
Please note both cancel and corrective action create cancel credit memo. But corrective creates new invoice that you can correct and post (one extra step).
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
290,524
Super User 2024 Season 2
#2
Martin Dráb
228,493
Most Valuable Professional
#3
nmaenpaa
101,148
All responses (
Answers (