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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Vendor Ledger - Initia...
Small and medium business | Business Central, N...
Suggested Answer

Vendor Ledger - Initial Entry reversal issue

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Posted on by TMGLLC 5

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

pastedimage1674128137790v3.pngpastedimage1674128214750v4.pngpastedimage1674128257653v5.png

 pastedimage1674128056569v1.pngpastedimage1674128108234v2.pngpastedimage1674128282881v6.png

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.

pastedimage1674128606134v9.png

2. Detailed Vendor Ledger Entries

pastedimage1674128422041v7.png

Attempting to Unapply the entry surfaces this error.

pastedimage1674128468184v8.png

Here is the underlying Transaction Entries

pastedimage1674128664907v10.pngpastedimage1674128702571v11.png

Anyone brave enough to help us untangle this little issue?

I have the same question (0)
  • Manthan Thesiya Profile Picture
    Manthan Thesiya 59 on at

    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.

  • TMGLLC Profile Picture
    TMGLLC 5 on at

    Additional info.  The Vendor Statistics card alerted me to the issue.  The negative balance owed is the underlying entry issue.

    pastedimage1674129958850v1.png

  • TMGLLC Profile Picture
    TMGLLC 5 on at

    Not sure what you mean.  Could you expand.

  • TMGLLC Profile Picture
    TMGLLC 5 on at

    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.

  • Suggested answer
    Marco Mels Profile Picture
    Marco Mels on at

    Hello,

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

    Thank you.

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