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How do I reverse / void a transaction?

Created on  | Last modified on 

Summary

Deleting, reversing, and voiding a transaction.

Resolution

Note:

  • Transactions (Example: Sales Orders, Purchase Invoices, Receipts, Journal Entries, Paycheques) in Sage 50 cannot be deleted (orginal deits and credits removed) but they can be reversed
  • Reversing a transaction provides the same result as delete but preserve an audit trail for the transaction (debit and credits are reversed from the original state and transaction module deleted from the system)
  1. Locate and open the transaction you wish to reverse.
  2. Click Entry, click the Reverse Entry button on the toolbar.
  3. Confirm that the transaction is no longer affecting your account balances.

Alternatively, every transaction you lookup has the reverse transaction button. This will only show up if the transaction is already posted.

General Journal:

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Paycheque:

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Sales Invoice:

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