payment method code corrections

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Posted on by Community Member Microsoft Employee

We set up a vendor and set the payment method code field in error with "check". When the PO was entered and a receiver and invoice posted against the PO we discovered a payment of the invoice posted automatically to cash. We are unable to reverse the cash transaction - we get a message "can not reverse entries posted outside a journal". How do we fix this transaction so we can issue a check to the vendor and correct our general ledger?

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Maneesha 5,889 on at

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RE: payment method code corrections

you are always welcome sweilers ,
Community Member Microsoft Employee on at

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RE: payment method code corrections

Thanks - that worked
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Amol Salvi 18,694 on at

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RE: payment method code corrections

You need to create credit memo to reverse the transactions and then create a fresh transaction with correct info and post it
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Maneesha 5,889 on at

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RE: payment method code corrections

i think u cant find the solution what "Indika" said
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Indikauk 1,759 on at

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RE: payment method code corrections

Hi, Sweilers

1. You can pass a Manual Journal Voucher to Correct the Cash Transaction

2. Make the Credit Memmo by selecting the same payment method full transaction will be reversed including the cash.

Thanks

Indika