Invoice reversals
Use invoice reversals to cancel unpaid invoices without affecting prior periods. Invoices can be fully or partially reversed, resulting in recovered WIP. Recovered WIP will be available for billing on a later invoice, and Practice CS won't treat it as new production.
note
- You can't perform reversals on invoices that feature progress billing.
- If your firm has enabled security in Practice CS, you must have the following security permissions to review invoices and enter negative invoices or reversals.
- Menu,Actions,Receipt and Adjustment Entry, thenEntry and Overview Tabs
- Data,Receipt and Adjustment Data, thenView
- Data,Receipt and Adjustment Data, thenEnter Receipt & Adjustments
Follow these steps to perform an invoice reversal.
- SelectActions,Billing, then theReviewtab.
- Select 1 or more invoices.
- Right-click and selectCreate Invoice Reversal.
- Enter a date and reversal amount. You can also have Practice CS recover the WIP.
- SelectOK.
