Options for editing transactions

You can make changes to unreleased, released, or posted transactions. These conditions apply:

• Make changes to unreleased transactions on the same form you used for entry.

• Use Transaction Edit (AC45) to change the activity, account category, description, or transaction attribute associated with a released transaction.

• Use Transaction Edit (AC45) to back out a posted activity transaction. When you back out a transaction, the status is changed to Released. You cannot back out transactions that were billed, transactions for which you have recognized revenue, or transactions that were capitalized.

• Use Mass Transaction Backout (AC145) to back out multiple posted transactions and any associated burden transactions. When you back out transactions, the statuses are changed to Released. You cannot back out transactions that were billed, transactions for which you have recognized revenue, or transactions that were capitalized. See Backing out multiple transactions.