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Kindly asking for some urgent assistance.
I accidently uploaded wrong opening balances for Accounts Receivable, Payable and VAT Payable, VAT Receivable, and more.
It's not a small amount but quite a large one too.
Is there a way we can adjust these incorrect opening balances?
Hello,
To undo an erroneous journal posting, you select the entry and create a reverse entry (entries identical to the original entry but with opposite sign in the amount field) with the same document number and posting date as the original entry. After reversing an entry, you must make the correct entry. NOTE: This only works for entries posted via a General Journal line. If your entry was not produced this way, you might consider using a Configuration Package to Table 81 reversing the entry and then re-import the correct entry.
You can only reverse entries that are posted from a general journal line. An entry can only be reversed once. You can reverse entries from all Ledger Entries windows. The following procedure is based on the General Ledger Entries window.
- Choose the Search for General Ledger Entries, and then choose the related link.
- Select the entry that you want to reverse, and then choose the Reverse Transaction action. Note that is must originate from a journal posting.
- In the Reverse Transaction Entries window, select the relevant entry, and then choose the Reverse action.
- Choose the Yes button on the confirmation message.
Hope this helps.
Thanks,
Steve
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