cancel
Showing results for 
Search instead for 
Did you mean: 

cancel a credit memo

Former Member
0 Kudos
494

Hi

Is there a way to cancel a credit memo in SAP.?

Thanks for the help

Sanjaya

Accepted Solutions (1)

Accepted Solutions (1)

former_member583013
Active Contributor

Sanjaya,

There is not really a Cancel procedure for Credit Memo.

Depending on the type of Credit Memo (Items / Service), your action would differ.

If it is a Service Credit Memo then you can create a JE as a reversal and perform Internal Reconcilation.

If it a Item Credit Memo and if the Credit Memo was created from an Invoice, then creating a new invoice would be the way to correct this.

Suda

Answers (2)

Answers (2)

Former Member
0 Kudos

Hi Sanjaya,

The moment a Credit note is added, it gets closed and is not open for any further Changes. However, you can do the required changes thru journal entry.

Let me know if you need any further assistance.

Do assign points if useful.

Thanks,

Srikanth

former_member1190345
Active Contributor
0 Kudos

Dear Sanjaya,

No..I don't think there is a way to cancel a Credit memo.....Generally in case of the goods which are taken back they are generally not taken back into the same warehouse to avoid reversal of excise. These goods are generally taken back into another godown meant to collect return goods.

Now for a particular Return system if you have created a C/R memo the system reverses the value and for a particular Invoice if you have created a Credit memo then the system reverses both the stock and Value together. When you create this C/R memo remember to put the warehouse as the Goods Return Warehouse so that if you want to create any deliveries for these goods which were returned by the customer at a future date the delivery can be done from this Goods Returned godown.

Hope it clears the doubt.

Regards,

Nagesh