Vendor transactions that are reversed can be posted to the General ledger as correction transactions.

  1. Click Accounts payable> Setup> Parametersto open the Accounts payable parametersform.

  2. On the Updatestab, select the Credit note as correctioncheck box.

  3. Press CTRL+S or close the form.

  4. Click Accounts payable> Common Forms> Vendor Detailsto open the Vendorsform.

  5. Press CTRL+N to create a vendor account, or select an existing vendor.

  6. Click Transactionsto open the Vendor transactionsform.

  7. Select the transaction to reverse.

  8. Click Reverse transaction.

  9. In the Reversal posting datefield, select the posting date for the reversed transaction.

  10. Click OKto complete the transaction.

  11. Press CTRL+S or close the Vendor transactionsform.

See Also