delete invoice

VeecoVeeco Member Posts: 3

Hi Experts,

I am new to the invoice process. If i have opened up an invoice in Wave, if my customer wish to cancel the invoice, what should i do?

  1. Should i delete the invoice? If i delete, there is no way i can leave a remarks there. In the event for audit purpose, i will find it hard to explain to the auditor of why the invoice is deleted.
  2. Should i create a new payment account call Credit Note? To mark the invoice with full payment and save the invoice under the Credit note account?

Any better idea?

edited April 14, 2019 in Accounting

Comments

  • Zoe_caffZoe_caff Administrator Posts: 289 admin

    Hey @Veeco! :smile:

    We actually have a Help Centre article that explains what to do in these situations, you can have a read here

    The article explains how to account for an invoice, you know will not be paid, which I believe is what you are looking for. Bad Debt may not technically be the case here, but the workaround is the best course of action! :smile:

Sign In or Register to comment.