Reversing Financial Transactions

From aeonscope

Anytime a financial record is edited the transaction is reversed before the edit takes place. aeonscope endeavours to make this process as seamless as possible.

The following examples are taken from the Creditors Payments section, but the process is the same as those used in the Creditors Invoice, Credit Notes, Cashbook and.... although the specific field names may be different.

In the Creditors (Invoice or Payments) window enter the details of the transaction you wish to edit, then click on the Edit Image:edit.jpg button. A Warning window will appear.

Image:editwarn.jpg

Before the record can be edited the transaction is reversed. The Warning window is asking which Financial Period to reverse the transaction into. Most of the time you will want to reverse the transaction into the same period it was recorded - eg: if the transaction was Posted in February 2006, it would be reversed into February 2006.

Select the Reversal Period from the drop-down menu and click Ok. If the correct period does not appear in the list please refer to Account Periods

Click the OK button to reverse the transaction. An Edit window will appear with the details of the transaction you wish to alter.

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