Correction Notes Versus Credit Notes

Correction notes are a mixture of Credit Note and Cancel / Rebill functionality. However, unlike credit notes, correction notes are like regular bills and are subject to payment.

When you issue a correction note for a bill, the system cancels and rebills the bill segments for that bill. The new bill (the correction note) contains both the cancelled bill segments and the rebilled bill segments.

Similar to credit notes, the new bill (or correction note) is stamped with the ID of the original bill. After you review the bill segments, you can complete the correction note. During completion, the rebilled bill segments and the cancelled financial transactions (of the original bill's bill segments) are swept onto the correction note.