Reverse Entry (tfgld1295m000)

Use this session to create a new transaction document and to reverse already posted transactions.

You must select the transaction to be reversed and specify the details of the reversal transaction.

To create a new transaction document, select the Create New Document check box and specify the new document details on the Options tab.

You can use the new document to correct the transaction you reverse. You can change the amounts on the new document in the Transactions (tfgld1101m000) session.

LN assigns new batch numbers to the reversal document and the new document if you create one. You must finalize the new batches in the standard way.

If you click Continue, LN creates the reversal transaction and the new transaction document if required, and prints a report of the reversed document and the new documents.

Note

You can select the posting periods. It can be necessary to post the new document in a different period than the original document.

You can create reverse entries for finalized transactions for the following transaction types:

  • Journal vouchers.
  • Sales invoices that you entered in Financials.
  • Sales credit notes that you entered in Financials.
  • Purchase invoices that are not linked to purchase orders.
  • Purchase invoices that are not yet matched or approved.
  • Opening balances.
  • Some cash transactions such as advanced payments/receipts, unallocated payments/receipts, and journal entries.

Related topics

 

Transaction Category
The transaction category.

Category of Transaction

Transaction Type
The transaction type.
Document Number
The document number.
Transaction Type
The transaction type to be reversed.
Document Number
The document number of the transaction to be reversed.
Financial period
The fiscal year.
Reporting Period
The reporting year of the transaction to be reversed.
Tax Period
The tax year of the transaction to be reversed.
Financial period
The fiscal period of the transaction to be reversed.
Reporting Period
The reporting period.
Tax Period
The tax period.
Transaction Type
The transaction type
Document Number
The document number of the new document.
Financial period
The fiscal year.
Financial period
The fiscal period.
Reporting Period
The reporting year.
Reporting Period
The reporting period.
Tax Period
The tax year
Tax Period
The tax period.