SAP Financial Accounting (SAP FI) Practice Exam

What action should be taken if there was an error clearing a vendor invoice with a credit memo?

1. Reset the line items

2. Reissue the credit memo

3. Notify the vendor

4. Adjust the invoice amount

The correct answer is: Reset the line items

The appropriate action to take when there has been an error in clearing a vendor invoice with a credit memo is to reset the line items. This process allows for the correction of the original entries that may have been misposted or improperly cleared. By resetting the line items, you essentially reverse the impact of the erroneous clearing, enabling you to reprocess the document as necessary without permanently affecting the financial records. Resetting the line items helps in maintaining accurate records and ensures that all transactions are properly reflected in the financial accounting system. It allows for a clean slate to address the discrepancies, after which you can initiate the correct procedure to clear the vendor invoice with the credit memo accurately. This method promotes a structured approach to financial corrections, ensuring that the underlying data integrity remains intact.