Reversing Posted Applications

After you have posted to the general ledger, you can reverse some of the applications. The following forms are used to reverse applications after posting to the General Ledger.


Payment Application	Use this form to mark the applications you want to be reversed. You cannot reverse the following types of applications: Applications for balance forward customers Historical payment applications Applications associated with historical invoices or debit memos Applications with an associated chargeback type adjustment Previously reversed applications Payment application adjustment involving a credit memo created from a payment are exempt from processing
Transaction Application Reversal	Use this form to reverse a posted application for an invoice, credit memo, or debit memo. You can not reverse the following types of applications: Applications for balance forward customers Historical applications Applications with an associated chargeback type adjustment Previously reversed applications
Payment Application Reversal Creation	Run this program to complete the reversal process. This creates a report of the payment application reversals by batch number and entry sequence and includes both payment and company totals. Reversing general ledger entries are created for each application and applicable adjustment reversal requested. Run Distribution Closing (AR195) to transfer these journal entries to the general ledger. Note: If the payment/transaction currency has not changed across the report, then report totals are printed in that currency. If payment/transaction currency has changed, then no report totals are printed.