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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Reversing a General Jo...
Microsoft Dynamics AX (Archived)

Reversing a General Journal Transaction associated to Banks

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Posted on by Joanna-AX 330

Hi,

I created a General Journal in AX2012 that is moving $500 from one bank account to another. Both bank accounts are in the same company. I then realized I transferred the amount to the wrong bank account and want to reverse the transaction. When I do this, I get an error saying "The ledger transaction type Bank for account x cannot be reversed".

Do you know why this is or how to correct a transfer between two bank accounts?

The transaction was posted in General Journals and I am trying to reverse the transaction by going to Cash and Bank - Bank Accounts - Selecting the Bank - Selecting Transactions. I then select the transaction from the list, click voucher ->select the transaction in the voucher transactions window and click transactions. I then select the transaction record and click reverse transaction. This is where I get the error.

Thanks,

Joanna

*This post is locked for comments

  • jahenzab Profile Picture
    jahenzab 15 on at
    RE: Reversing a General Journal Transaction associated to Banks

    HI Andre, some how in PROD instance although reversing is check marked and provided the date under General Journal (Journals), still its not generating second reversal voucher although same funtionality is working in TEST

    Any advise where I can check and make sure the settings

    Although refresh TEST with PROD, its working in TEST not in PROD

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Reversing a General Journal Transaction associated to Banks

    Hello Kacper,

    You mean to disable to possibility to reverse Transactions, right?

    This can be achieved by deactivating the Transaction reversal - correction Parameter in the GL Parameters form.

    Hope this helps,

    Ludwig

  • Community Member Profile Picture
    Community Member on at
    RE: Reversing a General Journal Transaction associated to Banks

    Hi,

    It seems to be possible in R3. Is it possible to block this possibility?

    Br

    Kacper

  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 292,516 Super User 2025 Season 1 on at
    RE: Reversing a General Journal Transaction associated to Banks

    Hi AXERP,

    Well if there is any transaction related to the Bank, it is not possible to reverse. So also vendor to bank and ledger to bank.

  • axerp Profile Picture
    axerp 2,600 on at
    RE: Reversing a General Journal Transaction associated to Banks

    Andre ,

    You mean to say that Bank to Bank transactions can not reversed as per the Standard AX .

    Does it applicable to vendor to Bank or Ledger to Bank also can not reversed in AX 2012 R2 ?

  • Verified answer
    Joanna-AX Profile Picture
    Joanna-AX 330 on at
    RE: Reversing a General Journal Transaction associated to Banks

    Excellent! Thank you for the answer. This makes sense!

  • Verified answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 292,516 Super User 2025 Season 1 on at
    RE: Reversing a General Journal Transaction associated to Banks

    Hi Joanna,

    Reversing account entries which were created with the account type Bank is not supported within AX. You can reverse Ledger, Customer, Vendor and I thought also Asset transactions.(last one never used)

    In this case you can create a new journal where you can enter new entries which will correct the mistake.

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