How to Reverse an Accounts Receivable

You can reverse an advance payment, gross level, and withholding lien-levy receivable that was entered in error, provided no payments have been applied to it.

Optionally, you can:

• Add an accounts receivable.
• View or add notes. To view or add notes for this record, on the action bar, click Notes.
• View audit details. To retrieve audit information, close any open panels and, on the action bar, click Audit Log. To view the details for a particular record, click Audit.
• Attach a document. To attach a document for this record, on the action bar, click Attachment.
• View documents. To view documents for this record, on the action bar, click View Documents.
• Cancel your entries. To close the page or panel without saving your changes, click Cancel.

To reverse a receivable

1. On the Financial menu, click Account Receivable.

2. Search for the account receivable using the FCN (financial control number).

   Depending on which type of account receivable you are reversing the Advance Payment, Gross Level, or Withholding/Lien/Levy page is displayed.

3. To verify that no payments have been applied to the receivable, in the History panel, review the Receivable Activity.

   If no payments have been applied, the Receivable Activity table is empty.

4. On the action bar, click Reverse.

5. On the Reversal page, in the Reversal panel, enter the Financial Reason Code.

6. On the Reversal action bar, click Save.

    

See Also

Reversal Page

Advance Payment Page

Gross Level Page

Withholding/Lien/Levy Page

About Reversals

What Is Accounts Receivable?

About Financial

Version as of 5/16/14.