Cancel Outstanding Receivables

The Cancel Outstanding Receivables option in General Ledger cancels the remaining balances for all the line items for outstanding receivables (from the cash receipts entered and posted in a batch with the Create Receivables field selected) within a specific date range, so that they no longer display within the Select Receivables for Processing option.  With the Cancel Outstanding Receivables option, there are not any entries that post to General Ledger, and so manual journal entries may be required in order to reverse the original entries that were posted for the receivables, if needed.

Steps to Cancel Outstanding Receivables

Cancel Outstanding Receivables Tutorial

Note:  In order to view the tutorial, you must have an active Internet connection, along with a sound card and speakers installed on your computer.