Reversing historical payments

Historical payments with posted applications are included in the payments with posted applications list. Historical state payments have a reversal header record if the Allow Historical Application Reversal field on the Receivable company record is selected.

The payment reversal includes changes from historical to open for a qualified payment. The state change includes any detail reversal records, regardless of whether the company's historical application reversal field is selected.

  1. Sign in as Receivables Specialist or Receivables Manager and select Additional Actions.
  2. On the Payment Reversal tab, search for and select a company record.

    Company and batch are required for best performance.

  3. Click Reverse All or select a transaction and click Select For Reversal.

    Application Reversal Creation can be run instead of the payment reversal header’s release action to create the reversal application records.