Sales invoice for Business Central

In today’s blog post, let’s learn how to quickly cancel a posted sales invoice.  Many times in business, there’s high chance that an invoice is created inadvertently or with the wrong amounts.  Business Central allows you to quickly cancel a posted sales invoice. It lets you do the process without having to manually first create a credit memo and then apply the credit memo to the posted sales invoice to completely offset it.  So, let’s get started.

Steps to Reverse a Posted Sales Invoice:

  1. Firstly, consider you posted a sales invoice for a customer. But, you quickly realize that this invoice was created incorrectly.
  2. So now, you can navigate to the Posted Sales Invoice list view. Then, highlight or select the corresponding sales invoice that you want to reverse.
Reverse Sales invoice in Business Central

3. Now, right-click on the ellipse button to open a drop-down menu option and select “Cancel”.

4. By selecting this function, the system will give a dialog box. It prompts if you are 100% sure about carrying on with reversing this Posted Sales Invoice. You can spot in the example that the selected current remaining amount on this particular Posted Sales Invoice is $1800.

5. Once you select “OK” to reverse the appropriate sales invoice, the system prompts you again. Now, the message is if you want to review the auto-created and posted credit memo.

Reverse Sales invoice with Business Central

6. Now, back on the Posted Sales Invoice list view. You can see from the image, the invoice that had to be canceled is completely closed with the remaining amount of $0.00 and there is a “Yes” value under the Cancel column.

Handling Sales invoice in Business Central

Use Business Central to Track Your Sales Correctly!

And that’s it!  It’s really that simple. Business Central will allow users to quickly reverse any posted sales invoice without having to jump through hoops to complete a simple transaction.  The system will also create the related reversal journal entries to fully reverse the sales and receivables for the original sales invoice transaction.

If you have any questions on this process or any other process for Dynamics Business Central or NAV please contact us. We would love to help you!

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Industry Specific Edition

Acumatica cloud ERP’s Industry-Specific Editions are a unique combination of Acumatica cloud ERP functionality and functionality specific to a particular industry or industry segment.

For example, the Manufacturing Edition includes both manufacturing and distribution modules, as well as modules for field service and general business use. The Distribution Edition includes only distribution modules.

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  • Core Enterprise Resource Planning  (including CRM integration)
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Set up customer relationship management: CRM is an important tool for any business that wants to build strong customer relationships and retain customers. With Acumatica, you can set up a customer relationship management system that works for your business.

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Acumatica’s sales management features can help businesses increase their sales and revenue.

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You may gather crucial data from various sources and show it in reports made for quick decision-making with Acumatica cloud ERP. This software includes analytical tools for monitoring the state of your business. It identifies problems before they substantially harm your company.

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Improve financial management

There are a number of ways businesses can make the most out of Acumatica’s features. For example, businesses can use Acumatica to:

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     General ledger incorporating real-time analysis fully integrated with all other features

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