A reverse entry voucher is used to reverse cash documents that are already posted. To make a reversal, the vouchers are registered in the cash journal. A receipt reversal is designated with a negative ( -) symbol in the Debitfield. When a disbursal is reversed, the reversal is designated with a negative ( -) symbol in the Creditfield. In both the cases, the Approval statusof the document is displayed as Correction. When you post a reverse entry, a ledger reversing transaction is created to correct the cash balance. No reverse entry cash orders are printed, but the accountant indicates that the cash orders have been voided.

  1. Click Bank> Journals> Slip Journalto reverse a posted cash operation.

  2. Click Linesand create a new cash voucher.

  3. Enter all required details for the reverse entry cash voucher.

    Note Note

    For more information, see "Create and validate a journal and journal lines" in the Applications and Business Processes Help.

  4. In the Debitor Creditfield, enter the reverse amount with a negative (-) symbol before the amount.

    Note Note

    The Document typeis displayed as Correction.

  5. Click Documents approval> Confirmto confirm the reverse entry cash voucher.

    Note Note

    The Approval statusis displayed as Confirmed.

  6. Click Documents approval> Approveto approve the document.

    Note Note

    The Approval statusis displayed as Approved.

  7. Click Post> Postto post the reverse entry cash order.

    Note Note

    After posting, the reverse entry is displayed in the Cash transactionsform.

  8. Click Bank> Common Forms> Cash accounts> Cash transactions

    -or-

    Bank> Inquiries> Cash transactionsto open the Cash transactionform.

  9. Click Voucherin the Cash transactionsform to view the reverse entry accounting vouchers.

  10. Press CTRL+S or close the form.

See Also