What is cancellation document in SAP FS-CD - Collections/Disbursements?

SAP Term: cancellation document

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Transfer document used to cancel recurring documents.

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• Key Concepts: 
  A cancellation document is a document used in the SAP FS-CD Collections/Disbursements component to reverse a payment or collection that has already been posted. It is used to cancel out the original document and restore the original balance of the account. 
  
  How to use it: 
  To create a cancellation document, go to the SAP FS-CD Collections/Disbursements component and select the “Create Cancellation Document” option. Enter the details of the original document that needs to be reversed, such as the document number, date, and amount. Once all the details have been entered, click “Save” to create the cancellation document. 
  
  Tips & Tricks: 
  When creating a cancellation document, make sure to double-check all of the details of the original document that needs to be reversed. This will ensure that the cancellation document is accurate and will not cause any further issues. 
  
  Related Information: 
  For more information on cancellation documents in SAP FS-CD Collections/Disbursements, please refer to SAP’s official documentation on the topic.