How to reverse a general receipt

Most Helpful Article

Posted to G/L Account

Steps:

  • Click on Find feature.
  • Select the transaction type as general receipt.
  • On the right side select G/L Account.
  • Click on Find.
  • Select a general receipt which needs to be reversed.
  • Right click < click on Reverse < Yes.
  • Select or enter a date of reversal.
  • Enter a reason of reversal.
  • Click on Reverse.

Posted to Client

Steps:

  • Click on Find feature.
  • Select the transaction type as general receipt.
  • On the right side select Client.
  • Click on Find.
  • Select a general receipt which needs to be reversed.
  • Right click < click on Reverse < Yes.
  • Select or enter a date of reversal.
  • Enter a reason of reversal.
  • Click on Reverse.

 

Tips:

  • Make sure the date of reversal is in the same month.
  • A general receipt cannot be reversed if it is cleared in the bank reconciliation and deposit is finalized in Make Deposit (refer article on undo deposit).