At times there may be a need to reverse an invoice entered into the system. To reverse an invoice the user simply mirrors what they did originally – i.e. if the user originally entered a positive invoice (also the invoice to be reversed) they will need to enter a negative invoice to cancel it out. The negative and the positive invoices are then matched and reconciled to complete the process.
This guide assumes the user already knows how to enter a negative invoice, and therefore only deals with the final matching process. An Accounts Receivable invoice has been used in the following example however the same process can be applied for Accounts Payable type invoices.