Practice CS
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 will not treat it as new production.
Notes
- You cannot 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 Menu > Receipt and Adjustment Entry > Entry and Overview Tabs
- Data > Receipt and Adjustment Data > View
- Data > Receipt and Adjustment Data > Enter Receipt & Adjustments
To perform an invoice reversal, follow these steps.
- Choose Actions > Billing > Review tab.
- Select one or more invoices.
- Right-click and choose Create Invoice Reversal from the context menu.
- In the Invoice Reversal dialog, enter a date and reversal amount. You can also tell Practice CS to recover the WIP.
- Click OK.
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