How You Create Rectification Transactions

You can submit the rectification transactions for invoices that you have already submitted to the tax authority.

You can create and submit a rectification transaction using either Substitution or Rectification method.

Create a Rectification Transaction by Substitution

You can create a transaction that substitutes the original transaction.

To create an invoice by substitution, follow these steps:

1. Navigate to Billing from Receivables, and create a rectification transaction. Mark the transaction as R1 to R5 according to the document fiscal classification.

2. Enter Original Invoice Number in the Regional Information field.

3. Select S as the Rectification Type.

4. Credit the original transaction.

5. Select On Hold for the Credit Memo to avoid reporting a duplicate rectification.

Creating a Rectification Transaction by Rectification

Create a credit memo to create a transaction by rectification. You can use any of these methods to create a transaction by rectification:

• Method 1:

  1. Create a credit memo, and apply it to the transaction you want to rectify.

  2. Assign one of the rectification codes from R1 to R5 to the credit memo transaction.

  3. Your credit memo is submitted with the rectification type codes.

• Method 2:

  1. Select the original transaction, and click the Credit Transaction option.
  2. The details of the matched transaction including the transaction type from Document Fiscal Classification is inherited. You cannot update the transaction.
  3. Your credit memo is submitted with the transaction type of the original transaction. The default value of the Rectification Type is I but you can change the value in the Document Type Override Regional Context field.