Cancel a Partner Contribution

Cancel an invoiced partner contribution with a credit memo to reverse the partner contribution invoice, for example, when the partner failed to pay the invoice or the partner contribution was entered with incorrect information.

The cancellation method depends on how the opening amount was invoiced:

• If you have used a manual invoice or journal entry for the opening amount, you must create a credit memo or reversing journal entry and then enter the transaction details in the partner contribution.

  See Cancel a Partner Contribution with a Manual Transaction.

• If you have invoiced the opening amount using the partner contribution invoicing process, you must complete the partner contribution cancellation processes and create the credit memo using the Import AutoInvoice process.

  See Cancel a Partner Contribution Through Scheduled Processes.

When you cancel a partner contribution, the open amount that’s available to draw changes to zero.