payment method code corrections

(0) Share

Report

Posted on by Community Member

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?

*This post is locked for comments

All responses (5)

Answers (3)

Suggested answer

Maneesha 5,891 on at

Like (0)

Report

RE: payment method code corrections

you are always welcome sweilers ,
Community Member on at

Like (0)

Report

RE: payment method code corrections

Thanks - that worked
Verified answer

Amol Salvi 18,696 on at

Like (1)

Report

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
Verified answer

Maneesha 5,891 on at

Like (1)

Report

RE: payment method code corrections

i think u cant find the solution what "Indika" said
Verified answer

Indikauk 1,759 on at

Like (1)

Report

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