One Correction calculation is a receiptwhich is used to Error in a previous Invoice without invalidating the original invoice. It can be used both for Cancellation as well as to Correction of incorrect information and is an important tool for ensuring that the Correct bookkeeping to hold.
1. important aspects of the correction calculation
- Correction of errors: Enables the Correction of incorrect information in a previous invoice.
- Cancellation: Can be used for the complete cancellation of an incorrect invoice or for the Partial cancellation of individual items be used.
- Document type: The correction calculation is an independent Document type in SAP Business One.
- Document chain: It can be part of a document chain which begins with an offer or order, for example.
- Utilisation: Serves the Correction of billing errorswithout changing the original document.
2. accounting aspects
- Adjustment entry: A correction calculation generates a Adjustment entryto correct the original booking.
- Cancellation bookings: The cancellation is made on the corresponding account pageto adjust the bookings correctly.
- Annual traffic figures: Correction calculations ensure the Correct presentation of annual traffic figures.
- Negative contributions: For cancellation transactions Negative amounts possible.
- Partial cancellation: Vouchers can also be Cancelled line by line become.
3. status and processing of corrective invoices
- Document status: On Cancelled document cannot return to the status "Open" be set.
- Duplicate: Cancelled vouchers can be duplicated and used as a template for new vouchers.
- Cancellation: Journal entries onlythat do not originate from documents can be entered directly using the "Cancel/Cancel" be cancelled.
4. significance for accounting
- Correct booking: Correction calculations ensure that the Bookkeeping remains correct and incorrect invoices are corrected correctly.
- Transparency: They increase transparency in the financial accounting and avoid inconsistencies in the reports.
- Compliance with legal regulations: The correct creation of corrective invoices helps with the Compliance with accounting and tax requirements.
Finance in SAP Business One
The financial system in SAP Business One contains the entries that you are legally obliged to make and enriches them with ...