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Microsoft Dynamics GP (Archived)

Reversing GL Transactions

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Posted on by Community Member Microsoft Employee

Hi,

I entered a number of transactions in the Payables Module with the correct dates etc. The problem is that when I posted the transactions to the GL I did not realize that the system was set up to post by Batch date instead of transaction date. If I view the particular module in which the transaction was entered all the dates appear to be correct in the module and only in the GL does the wrong date appear. Any ideas on what needs to be done to fix this ? What do I need to reverse the entries given that the correct dates appear in the payables module.

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L Vail 65,271 on at

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RE: Reversing GL Transactions

You can reverse the entries in the General Ledger and then post new entries with the correct date. This will not touch the dates in the Payables module, though I think you will lose the ability to 'drill back' from the GL to the payables transaction. In order to allow a reversing/correcting entry to be entered in GL for a transaction that originated in payables, you'll need to go into GL setup (Financial | Setup | Financial | General Ledger) and check the box to allow Voiding/Correcting of Subsidiary Transactions. Don't forget to uncheck the box once you've finished (if that's what you decide to do).

Leslie

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