Managing Transactions

To reverse a transaction

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

Notes:
Reversing certain types of transactions may require additional steps

Deleting and reversing in a sequence -- one transaction at a time

The transaction you want to reverse should be displayed. (To find a transaction)

1. Choose Reverse from the Edit menu. After a few moments, a new transaction, containing amounts exactly opposite the amount in the original transaction, will be displayed in the window.

Note:  If you see Delete in the Edit menu but you want to reverse a transaction

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

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

2. Click Record to save the reversed transaction.



3. Under certain circumstances, you may need to perform additional steps before you can reverse a transaction.



4. (Optional) Create and record a new transaction to replace the reversed one.

Related topics

• Reversing transactions
• To find a transaction
• To delete a transaction
• To change a transaction
• Changes and entries recorded by Audit Trail Tracking