Menu Path: Trading > Sales > Cancel Cash Sale / Invoice
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We know that Cash sale in Wavelet EMP consist of 2 components, namely:
Cancelling the Cash Sale actually refers to reversing the Cashsale. Therefore, the journal entry for the original cashsale and reversed cashsale will appear in the financial statements, wherever applicable. |
- Type in the Invoice Number that needed to be cancelled and click Submit.
- The following interface will be displayed.
- Type in the Remarks.
- System auto created the Sales Return (SR) & Credit Memo (CM) documents to contra the Invoice(INV) and auto reversed the receipt (RCT) - No outstanding Amount in customer account.
- IF only the Invoice created (without the collection), System auto created the Sales Return (SR) & Credit Memo (CM) documents to contra the Invoice(INV).
- IF the Cash Sales is consist with more than one payment mode (Cash + 2 Credit Cards or multiple Credit card), user need to manually reverse the Receipt (RCT)** and create the Sales Return by Invoice, then manually contra the CM with Invoice.
- Ensure that the Sales Return date is correct and proceed to click Cancel Cash Sale.
Note! If the receipt was correct, no need to reverse.
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