User can choose to reverse the entries from General Ledger Entries / Customer Ledger Entries / Vendor Ledger Entries.

*Choose option1 or option2

1.Reverse the general ledger entry.

StepsDescription
1

Go to General Ledger Entries page then (1) select the entry that you want to reverse and then (2) Select Process => Reverse TransactionNote: the entries cannot reverse if the realized gains/losses within the same transaction have been posted

2

On the Reverse Transaction Entries page, select Reverse action.Note: if you want to print the document for the reverse entries, select Reverse and Print

3
  • After the reverse entries is posted, you can find the reverse entries in General Ledger Entries page.

     Note: According to the standard column shows on GLE page, the column for Reversed, Reversed Entry No and Reversed by Entry No. is not showing.  To show the column, please use Personalize function to show the column if needs.

2.Reverse the general ledger entry which has applied customer sub-ledger or vendor sub ledger (Applied Payment)

For example, the payment journal is posted incorrectly. 

StepsDescription
1
  • After unapply, the remaining amount to be updated

2

Select the incorrect payment entry (should have been unapplied first), then select Process => Reverse Transaction...

3

On the Reverse Transaction Entries page, select Reverse action.

Note: if you want to print the document for the reverse entries, select Reverse and Print

4
  • After the reverse entries is posted, you can find the reverse entries in General Ledger Entries page.

     Note: According to the standard column shows on GLE page, the column for Reversed, Reversed Entry No and Reversed by Entry No. is not showing.  To show the column, please use Personalize function to show the column if needs.