Purchases

To reverse a bill

Use this procedure only if your transactions are unchangeable. (Choosing changeable or unchangeable transactions)

The bill you want to reverse should be displayed.

1. Choose Reverse Purchase from the Edit menu. After a few moments, a vendor debit will be displayed in the Purchases window.

If you want, you can make a few changes to the vendor debit (such as the date and the memo), but you can't change the accounts, amounts and quantities that are associated with the vendor debit.

If you're reversing a purchase from a previous accounting period, consider assigning a date from that period to the vendor debit. This will allow your reports for that accounting period to reflect the proper amounts.

2. Click Record Reversal to record the vendor debit.



3. You have two choices to settle the vendor debit:

• Apply the amount of the vendor debit to your outstanding purchase balance with the vendor. [To apply a vendor debit (Purchases Register)]

• Indicate that you received a refund from the vendor for the amount of the vendor debit. [To receive a refund (Purchases Register)]

Related topics

• Changing, deleting and reversing purchases
• Choosing changeable or unchangeable transactions
• To find a transaction
• Displaying applied debit memos on check stubs