SO Invoice Correction: Generated Transactions
To be able to correct an SO invoice created for a sales order, you create and process a correction document (which in this case is an SO invoice). Similarly, to be able to cancel an SO invoice created for a sales order, the correction document you create and process is a cancellation credit memo. On release of these correction documents, the system generates the GL transactions described in the following sections.
Transactions Generated for a Correction SO Invoice
When you release a correction SO invoice, the system generates the following general ledger transactions.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Accounts Receivable account | Customer | Corrected amount | 0.00 |
| Sales account | Order type | 0.00 | Corrected amount |
You can view the reference number of the GL batch in the Batch Nbr. box on the Financial Details tab of the Invoices (SO303000) form while you are viewing the correction invoice. You can click the link in this box to view the details of the batch on the Journal Transactions (GL301000) form.
Transactions Generated for SO Credit Memo
When you release a correction SO invoice or cancel an SO invoice, an SO credit memo is generated. On release of this SO credit memo, the system generates the following general ledger transactions, which are the opposite of the transactions generated for original SO invoice.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Accounts Receivable account | Customer | 0.00 | Original invoice amount |
| Sales account | Order type | Original invoice amount | 0.00 |
You can view the reference number of the GL batch in the Batch Nbr. box on the Financial Details tab of the Invoices (SO303000) form while you are viewing the SO credit memo. You can click the link in this box to view the details of the batch on the Journal Transactions (GL301000) form.