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Vendor Ledger - Initial Entry reversal issue

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Posted on by TMGLLC

Hello. I am finishing year end for one of our subsidiaries that we have just implemented on BC. There is one transaction that we cannot reverse in a Vendor Ledger. The GL and all our other transactions are ready for final close but I want to address this issue. See below and following explination.

1. Vendor Ledger Entries

This transaction was posted in error and reversed. Obviously improperly. Note the Remaining amount is a positive balance and the transaction is listed as open.

Attempting ot Reverse the transaction in a feeble attempt to start over yields this error.

2. Detailed Vendor Ledger Entries

Attempting to Unapply the entry surfaces this error.

Here is the underlying Transaction Entries

Anyone brave enough to help us untangle this little issue?

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Marco Mels on at

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RE: Vendor Ledger - Initial Entry reversal issue

Hello,

You can ask your partner to assist and if necessary they can raise a ticket to Microsoft support.

Thank you.
TMGLLC 5 on at

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RE: Vendor Ledger - Initial Entry reversal issue

A reverse entry in the traditional sense doesn't work as there is not an entry to balance against. Actually, would have to have either a single sided adjusting entry or some type of suspense account that would not be compiled in the Balance sheet or trial. The information I supplied shows that we made a mistake on a reversal and now we have one side out of balance, and it is only the vendor ledger.
TMGLLC 5 on at

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RE: Vendor Ledger - Initial Entry reversal issue

Not sure what you mean. Could you expand.
TMGLLC 5 on at

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RE: Vendor Ledger - Initial Entry reversal issue

Additional info. The Vendor Statistics card alerted me to the issue. The negative balance owed is the underlying entry issue.
Manthan Thesiya 59 on at

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RE: Vendor Ledger - Initial Entry reversal issue

Hello,

Take a long a way instead, Post reverse Entry by journal with apply Wrong Entry.

it will not give you any error.

Don't forget to help the community by verifying the answer if your question has been answered.

It will let others know that the topic has verified answer.