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    Invoice Correction RK

    Uploaded by

    deepali ahire
    1) An invoice was created incorrectly for 10 items but only 9 were delivered. An invoice correction request (ICR) needs to be created to credit the customer for the 1 extra item billed. 2) The ICR document will reference the incorrect invoice and create 1 credit item to refund the customer for the extra item, and 1 debit item to charge the correct amount for the 9 delivered items. 3) When the ICR is processed, it will automatically generate a new invoice with the correct amounts to bill the customer for the 9 delivered items and credit the customer for the 1 extra item from the previous incorrect invoice. The ICR provides an efficient way to correct billing mistakes through a single document.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Invoice Correction RK

    Uploaded by

    deepali ahire
    195 views7 pages
    1) An invoice was created incorrectly for 10 items but only 9 were delivered. An invoice correction request (ICR) needs to be created to credit the customer for the 1 extra item billed. 2) The ICR document will reference the incorrect invoice and create 1 credit item to refund the customer for the extra item, and 1 debit item to charge the correct amount for the 9 delivered items. 3) When the ICR is processed, it will automatically generate a new invoice with the correct amounts to bill the customer for the 9 delivered items and credit the customer for the 1 extra item from the previous incorrect invoice. The ICR provides an efficient way to correct billing mistakes through a single document.

    Original Title

    10. Invoice Correction RK

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    1) An invoice was created incorrectly for 10 items but only 9 were delivered. An invoice correction request (ICR) needs to be created to credit the customer for the 1 extra item billed. 2) The ICR document will reference the incorrect invoice and create 1 credit item to refund the customer for the extra item, and 1 debit item to charge the correct amount for the 9 delivered items. 3) When the ICR is processed, it will automatically generate a new invoice with the correct amounts to bill the customer for the 9 delivered items and credit the customer for the 1 extra item from the previous incorrect invoice. The ICR provides an efficient way to correct billing mistakes through a single document.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    195 views7 pages

    Invoice Correction RK

    Uploaded by

    deepali ahire
    1) An invoice was created incorrectly for 10 items but only 9 were delivered. An invoice correction request (ICR) needs to be created to credit the customer for the 1 extra item billed. 2) The ICR document will reference the incorrect invoice and create 1 credit item to refund the customer for the extra item, and 1 debit item to charge the correct amount for the 9 delivered items. 3) When the ICR is processed, it will automatically generate a new invoice with the correct amounts to bill the customer for the 9 delivered items and credit the customer for the 1 extra item from the previous incorrect invoice. The ICR provides an efficient way to correct billing mistakes through a single document.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Invoice creation request

    Wrong Invoice Created


    ICR created (to reverse the previously created wrong Invoice and make the changes)
    1) VA01- Create Sales Order of say 10pc
    2) Vlo1n- Create Delivery document of 10pc
    3) VFO1- Create Billing/Invoice of 10pc
    Now if only 9pc are delivered by mistake instead of 10, We need to credit the customer.

    So we can create Invoice creation request

    4) VA01- Create Invoice correction request document

    i) Order Type: RK
    ii) Organizational Data
    a) Sales Organization:7003
    b) Distributional Channel: 20
    c) Division: 10

    iii) Create with Reference to Billing Document (enter billing document no. for which
    correction is required)
    iv) Now Enter the Material, then enter the Target Quantity (how much quantity is
    delivered in actual)
    v) Now under SALES TAB, remove the BILLING BLOCK, add ORDER REASON and

    vi) SAVE

    5) VF01- Create the Invoice

    i) Press Enter

    ii) SAVE
    Company Revenue Account Customer Account
    1) Sales Order(OR)
    2) Delivery(LF)
    3) Wrong Invoice created(F2) +100.00 (Credited) -100.00 (Debited)

    4) Invoice Correction Request Created (RK)

    5) Credit Memo Created (G2) -100 (Debited) +100(Credited)


    +90 (Credited) -90(Debited)

    6) Payment Received -90 (Debited) +90(Credited)

    GL Account 0 0

    Sales document type- RK

    Item category- G2N

    Order related billing document – G2


    Sales Document Type: RK

    Credit memo request


    Invoice Correction Request

    Reference mandatory
    VOV8 of RK:
    SD document category [K]
    Sales document indicator [D]
    Order related billing document [G2]
    VOV7 of L2N:
    Billing relevance [C]
    Pricing [X]

    Note: Invoice Correction Request is created with reference to Incorrect Billing Document
    NOTE: Instead of using G2 and L2 for customer and business compensation we can use
    single sales document. Invoice correction request creates two items for a single item in a
    sales order as a credit item and debit item. The first item is the credit item, and the second
    item is the debit item.
    The invoice correction request represents combination of credit and debit memo requests.
    One side credit is granted fully for that incorrect billing item, while it is simultaneously
    debited (automatically created) as a debit memo item. The difference created represents
    the final full amount to be created. The invoice correction request must be created with
    reference to billing document.
    When we create invoice correction request the items are duplicated. The resulting item
    category must have plus (+) [credit] or minus (–) [debit] values. First all credit items are
    listed followed by debit items. We can delete credit or debit in pairs.

    NOTE: There are no schedule lines.


    IMP: Release
    VKM3 On the basis of Document No.
    VKM4  On the basis of other Parameters (to check SD documents).

    NOTE: We have to change the quantity or price for customer compensation or business
    compensation to the debit item only, as system corrects only through debit item. According
    to compensation system generates invoice.
    This invoice correction request document proposes a new way of processing complaints and
    issuing credit and debit memos. This document enables you to correct the quantity and/or
    the price for one or more items in an invoice

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