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If an Expense has the Status of "Paid" or "Partially Paid" the payment must be reversed before the expense can be reversed. Refer to Reversing a Payment for assistance. Express Payment entries will automatically reverse the expense and payment journals though. |
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- Go to the Expense menu, then click Expense Search.
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- Search for the expense that you wish to reverse.
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Highlight the line and click the Reverse button.
A warning pop-up message will appear. If you are sure you want to reverse this entry, click OK.
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On the reversal entry displayed, check all details are correct.
Note that only open periods can be posted into. If the expense was in a prior period, the reversal entry will default to the current period.
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- Enter a Reversal Reason.
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- Click Save to post the reversal.
In Expense Search, the original expense will now show a Status of "Reversed", and the reversal entry shows the Status of "Reversal".