Use the Journal Entry screen to reverse a previously posted Journal Entry.
Pre-Requisites
Step-by-Step Guide
- Access the Ledger module.
- Click Journal Entries.
- Use the Filter Criteria section to search and locate the desired Journal Entry. Set the Status option to "Posted" to find previously posted entries.
- Click Retrieve.
- Select a Journal Entry by clicking the row in the grid.
- Click Correction.
The system will create a reversing Journal Entry and automatically post it. Then, the system will create a new un-posted Journal Entry that is available for editing. - Set the Status option to "Pending" to find the newly created un-posted Journal Entry.
- Click Retrieve.
- Located the newly created Journal Entry and edit as desired.
- Optional: Click Void on the un-posted Journal Entry to cancel it out completely.