Reverse Journal Postings and Undo Receipts/Shipments

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Reverse periodical postings are non but used for correcting errors but they can besides be used for clearing out an old accruals entry before entering a new one, for example. Y'all select the entry and create a reverse entry (entries identical to the original entry but with contrary sign in the amount field) with the same document number and posting engagement as the original entry. After reversing an entry, you must make the correct entry.

You can but reverse entries that are posted from a general periodical line. An entry can but exist reversed once.

To undo a receipt or shipment posting, before they are posted equally invoiced, you can use the Undo office on the posted certificate. You lot can undo quantities of type Item and Resource.

If you lot have made an wrong negative quantity posting, such equally a purchase lodge with the incorrect number of items, and posted information technology equally received simply not invoiced, then you tin can undo the posting.

If you have made an incorrect positive quantity posting, such as a sales shipment or a purchase render shipment with the wrong number of items, and posted information technology as shipped but not invoiced, and so you can disengage the posting.

To reverse the journal posting of a general ledger entry

You can reverse entries from all Ledger Entries pages. The following procedure is based on the General Ledger Entries page.

  1. Cull the Lightbulb that opens the Tell Me feature. icon, enter Full general Ledger Entries, and so choose the related link.
  2. Select the entry that you want to reverse, and so choose the Contrary Transaction action. Notation that is must originate from a journal posting.
  3. On the Reverse Transaction Entries page, cull the Reverse activity.
  4. Choose the Aye push button on the confirmation message.

Annotation

You cannot reverse entries that have been posted with information from a job, or which take realized gains and losses within the aforementioned transaction.

To post a negative entry

Yous can use the Correction field to post a negative debit instead of a credit, or to post a negative credit instead of a debit on an account. To encounter legal requirements, this field is visible past default in all journals. The Debit Amount and Credit Corporeality fields include both the original entry, and the corrected entry. These fields accept no effect on the account residual.

  1. Choose the Lightbulb that opens the Tell Me feature. icon, enter General Journals, and then choose the related link
  2. In the Batch Name field, select the required batch name.
  3. Enter information into the relevant fields.
  4. In the journal line that yous want to activate for negative entries, select the Correction check box.
  5. To post the periodical, cull the Post action, and and so choose the Yes button.

To undo a quantity posting on a posted buy receipt

The post-obit described how to disengage a posted receipt of items or resources. The steps are like for posted shipments.

  1. Choose the Lightbulb that opens the Tell Me feature. icon, enter Posted Purchase Receipts, and and then choose the related link.
  2. Open the posted receipt that you want to undo.
  3. Select the line or lines that you desire to undo.
  4. Choose Undo Receipt action.

A corrective line is inserted under the selected receipt line. If the quantity was received in a warehouse receipt, then a corrective line is inserted on the posted warehouse receipt.

The Quantity Received and Qty. Rcd. Not Invoiced fields on the related buy order are set to zero.

To undo and then redo a quantity posting on a posted render shipment

The following describes how to undo a posted return shipment of items or resources and then repost the purchase render with a new quantity. The steps are similar for posted render receipts.

  1. Cull the Lightbulb that opens the Tell Me feature. icon, enter Posted Return Shipments, then cull the related link.

  2. Open the posted return shipment that you want to undo.

  3. Select the line or lines you lot want to undo.

  4. Cull the Undo Return Shipment action.

    A corrective line is inserted in the posted document, and the Render Qty. Shipped and Return Shpd. Non Invd. fields on the render gild are set to zero.

    At present go back to the purchase render social club to redo the posting.

  5. On the Posted Return Shipment folio, take a note of the number in the Return Lodge No. field.

  6. Choose the Lightbulb that opens the Tell Me feature. icon, enter Purchase Render Orders, and then select the related link.

  7. Open the render order in question, and and so choose the Reopen action.

  8. Correct the entry in the Quantity field and mail the buy return order again.

Run into Also

Disengage Assembly Posting
Mail Transactions Directly to the General Ledger
Working with General Journals
Finance
Working with Business concern Central

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