Reversing historical transactions

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

The transaction reversal header includes the status change from historical to open, for a qualified invoice, credit memo, or debit memo. The status change from historical to open occurs for 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 Transaction Reversal tab, search for and open a company record.

    Company, type, and invoice are required for best performance.

  3. Select a transaction record and click Create Reversal.

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

  4. A dialog box prompts for a Reversal Date. Click Submit.