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!

Welcome to the AdCirrusERP Newsletter.

Click the button below to receive our ERP for Ecommerce white paper.

Sign up for our newsletter

Signup for our newsletter and receive the latest new, information and offer with no spam.

Receive our newest whitepaper on ERP for Ecommerce today!

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.

The Industry-Specific Editions include all of the core Acumatica cloud ERP functionality including:

  • Core Accounting
  • Core Billing & Invoicing
  • Core Business Management  (including project management and portfolio management)
  • Core Data Modeling & Validation  (using the same data model used in the Core Accounting module)
  • Core Enterprise Resource Planning  (including CRM integration)
  • Core Human Resources & Payroll  (HRIS integration with HR applications such as Zenefits)
  • Core Inventory Management  (including barcode scanning technology that can be used to identify inventory items based on their UPC codes or SKU numbers.)

Warehouse Management

Streamline warehouse operations and transaction to reduce errors, automate processes and increase productivity.

  • Reduce errors 
  • Increase customer satisfaction
  • Automate data capture 
  • Simplify tracking
  • Prioritized, direct picking 

Inventory Optimization

Optimize inventory: Acumatica’s inventory management tools can help businesses reduce inventory costs and improve stock levels.

Manufacturing Management

Built for make-to-stock, make-to-order, engineer-to-order, project centric, job shop, batch, repetitive manufacturing, and more.

  • Complete, multi-site cloud manufacturing control and planning system
  • Improve efficiency with intuitive, award-winning UI
  • Empower collaboration with cross-module workflows 
  • Create business resilience with our future proof design 

Order Processing

Use order processing: Order processing is another key feature of Acumatica ERP software. With this feature, you can streamline your order process and keep track of orders as they move through the pipeline.

Retail Commerce Management

Deliver a consistent customer experience across all your sales channels with full integration between your online, mobile, kiosk, and in-store service.

  • Reduce stock-outs and back orders 
  • Speed up order processing and fulfillment 
  • Streamline returns and exchange 
  • Provide an omni-channel experience 
  • Offer a world-class eCommerce presence 
  • Integration with web stores and POS systems

Project Management

Streamline project management: The project accounting suite enables you to track project costs, carry out planning and billing, and manage time and expenses while completely integrating with the fundamental accounting operations like general ledger and accounts payable.

Customer Relationship Management

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.

The CRM feature includes:

  • Customizable reporting dashboards
  • Powerful business intelligence capability
  • Service and support automated workflows
  • A customer self-service portal

Service Management

Maximize dispatching and boost revenue by scheduling the right people at the right time, and see real-time data for work taking place in the field.

  • Single version of the truth
  • Multi-dimensional reporting
  • Security by role
  • Custom reports and personalized dashboards
  • Multiple display options

Construction Management

Provides a complete, mobile-enabled cloud-based construction and accounting software solution.

  • Instant data access in role-based dashboards 
  • Native AI and ML for automation and data processing 
  • Superior compliance management 
  • Flexible drop-shipping to project sites 
  • Real-time connection among workers-field, office, and remote.

Sales Improvement

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

Utilize Business Intelligence

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.

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:

– Improve financial management: Acumatica’s financial management tools can help businesses save time and money by streamlining accounting and financial processes. This functionality includes:

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

     Accounts receivable and payable

     Cash, currency & tax management solutions

     Fixed assets

     Recurring revenue management