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Cancel invoice in ap - what will be impact on ledgers

Discussion in 'Oracle Financials' started by Alpesh Khakharia, Dec 10, 2015.

  1. Alpesh Khakharia

    Alpesh Khakharia Active Member

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    Hi All,

    I have 3 different stages/situations at which I need to cancel invoice as below.

    1. Run "Pay On Receipt AutoInvoice" and Invoice is created in AP (not validated not posted).
    2. Run "Pay On Receipt AutoInvoice" and Invoice is created in AP. Invoice validated and Posted but not transferred to GL through Create Accounting in cost management.
    3. Run "Pay On Receipt AutoInvoice" and Invoice is created in AP. Invoice validated and Posted and transferred to GL through Create Accounting in cost management.

    At which point I can cancel my Invoice and what will be impact on tax ledger?

    Now if I will cancel all 3 above invoices respectively, what should be the effect on ledger of material and tax?

    Thanks,
    Alpesh
     
  2. Kasi Reddy

    Kasi Reddy Active Member

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    Hi Alpesh,
    As per my observations 3rd point impact to general ledger.Second point we can void the invoice and cancel.
    Thanks,Kasi.
     
    Alpesh Khakharia likes this.