About Reverse Transactions

Use the Reverse Transactions window to:

• Reverse a posted payment and the original transaction associated with the payment. (You can also reverse payments using the Reconcile Statements window.)
• Reverse a single transaction or a range of transactions.

You can reverse a transaction at any time, even during bank reconciliation.

When you reverse a receipt, Bank Services creates a withdrawal entry on the Reconciliation tab.

Note that if you reverse a Bank Services-entered deposit, the entire deposit is removed from the tab.

When you reverse a payment that was entered in payroll, the system updates the employee record in payroll.

To reverse a transaction

1. Use the Finder or the navigation buttons to select the code for the bank that processed transaction you are now reversing.