Reverse the transactions as of Jan. and re-enter as of Dec.

How do I reverse a transaction? sorry if this is really basic I'm just a beginner over here.

which module did the transaction originate in

This would be in the source box while in acct.recon.
If in AR take note of cust.# in memo box and go to AR, then to customer acct., then using the same date post a debit or credit and reverse the whole trans. after link the 2 trans. to clear them, then re-post with the correct date.
You can do the same for AP just take note of vend.# in memo box and go to AP.
For GL do it right from the acct. recon. module.

This would be in the source box while in acct.recon.
If in AR take note of cust.# in memo box and go to AR, then to customer acct., then using the same date post a debit or credit and reverse the whole trans. after link the 2 trans. to clear them, then re-post with the correct date.
You can do the same for AP just take note of vend.# in memo box and go to AP.
For GL do it right from the acct. recon. module.

Thanks I will take a look at that and see if it works!

Hi GUSB, thank you so much for replying - I really really appreciate it. Turns out its coming from the GL module. I now see the option within acct. recon. module to "view" the entry.

Aside from manually entering a journal entry to reverse, is there a quick way to reverse the entry? For time sake I am going to reverse manually this time but would like to know for next time.

Thank you again!

there is not a quick way in this case.
There is a recurring journal entry which can be setup.
In AP you can void a chq.
In AR you can copy invoices for reversing then finish in OE.

You can only auto-reverse entries that were created in the GL. There is a search icon on the GL entry scree. Use that to find the GL transaction you want to reverse and then click on REVERSE icon. There is also a REVERSE-Accrual icon to reverse it to another fiscal period.

thanks for educating me, it will save some time when our girls keep trying to correct each other

Thanks BVUSER. Can you suggest the best way to reverse payroll (ie. void a payroll cheque)

use the void chq button in the timecard tab of payroll