LEDGER RELINK

Question

Hello 
 I captured several transaction using the wrong exchange rate and posted in the safe. After noticing the error, I then captured the correct exchange rate. Can a general ledger relink recalculate the balances using the correct exchange rate?

Bennie Pienaar · Answer

Good Morning Ntombozodwa 
 The only way to correct an incorrectly captured transaction is to do the following: 
 1. Reverse the transaction with a second transaction. The second transaction is just the opposite of the original transaction. 
 2. Capture and process the transaction as it was supposed to be initially. 
 So, I doubt that a GL Relink will fix the incorrect exchange rate mistake. 
 But please elaborate also further: Exactly what type of transactions did you capture/process initially? 
 And how did you then captured the correct exchange rate? Was is on a new transaction? Please provide as much details as possible. 
 
 Kind Regards 
 Bennie

Shazi · Answer

Hello , Ntombozodwa Makaza 
 Did you see the answer shared with you by Bennie? 
 If so please engage on the response otherwise if the answer did help please click on Verify answer. 
 Sharon

Sage 200 Evolution

LEDGER RELINK

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