When you reverse an invoice, the system posts a credit memo for the data in the invoice. The postings made when you reverse an invoice follow the same rules as credit memo postings. If you reverse an invoice for a purchasing transaction, for which several invoices have already been posted, the postings made in the invoice are not necessarily reversed. The following examples show cases in which different postings are made when the invoice is reversed to the postings made when the invoice was posted.
Example 1
Postings for Invoice Reversal After Goods Receipt and Several Invoice Receipts
Goods Receipt
The stock account is posted with the receipt value based on the standard price.
The offsetting entry is posted to the GR/IR clearing account.
Invoice 1
The GR/IR clearing account is cleared on the basis of the invoice price.
The offsetting entry is posted to the vendor account.
Invoice 2
The GR/IR clearing account is cleared on the basis of the invoice price.
The offsetting entry is posted to the vendor account.
Reversal of Invoice 1
The invoice quantity is greater than the goods receipt quantity. The credit memo quantity is covered by the quantity of the invoice surplus. The GR/IR clearing account is posted as follows:
The credit memo amount is posted to the vendor account. The credit memo amount is different to the posting on the GR/IR clearing account, so the difference is posted to the price difference account.
Example 2
Postings for Invoice Reversal Without Goods Receipt
Invoice 1
The invoice is posted before the goods receipt, therefore the posting to the GR/IR clearing account is based on the invoice price.
The offsetting entry is posted to the vendor account.
Invoice 2
The GR/IR clearing account is cleared on the basis of the invoice price.
The offsetting entry is posted to the vendor account.
Reversal of Invoice 2
The invoice quantity is greater than the goods receipt quantity. The credit memo quantity is covered by the quantity of the invoice surplus. The GR/IR clearing account is posted as follows:
The credit memo amount is posted to the vendor account. The credit memo amount is different to the posting on the GR/IR clearing account, so the difference is posted to the price difference account.