Cancel Approval

Explanation

Use this activity to cancel approval for project accruals. The Financial Controller can cancel the approval for a project accrual if required. In order to cancel approval, vouchers for the project accrual needs to be rolled back, if there are any.

Prerequisites

• Project Accrual should be in the Approved status.
• Project Accrual vouchers should have been rolled back, to cancel approval.

System Effects

• The Project Accrual is set to the Submitted status.
• Preliminary postings are reversed.