Can I unapply a standard credit memo?

Yes, you can unapply a standard credit memo and turn it into an on-account credit memo. When you unapply the standard credit memo, enter an accounting date in an open or future-enterable period.

Unapplying a standard credit memo removes its debit items and reverses the accounting for the credit memo in the accounting period you specify.

If the Use Invoice Accounting For Credit Memos profile option is set to No, then you must enter a receivable account when you unapply the credit memo. If the Use Invoice Accounting For Credit Memos profile option is set to Yes, then no other action is required.