Reversing a void of an open transaction

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Is there a way to reverse a void of an open transaction? I should have voided the invoice as of 6/30/17 so that it hit the correct fiscal year however, voided it as of today. I would like the void date to reflect 6/30/17 instead of 7/7/17. Any help would be appreciated.

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L Vail 65,271 on at

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Hi,

You cannot reverse a void of an open transaction. At this point you can reverse the existing GL and then do a correcting entry using the correct date. If you need it to go through A/R, consider entering an invoice as of 7/17 to 'offset' the void and then void that invoice as of 6/30.

Kind regards,

Leslie

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Hi,

I thought of entering an invoice as of 7/1/17 and voiding it as of 6/30 but I did not think that I would be able to enter a void date that is earlier than the posting date. If I am incorrect please let me know!

Thank you,

Tammy

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L Vail 65,271 on at

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Hi,

You can enter a void date that is earlier than the posting date. The void date is used by receivables management, the posting date is used by general ledger.

Leslie

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The General ledger is where I would like the void to be posted to 6/30/17, I should have made that clear. Is there a way to make that happen?

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Heather Roggeveen 9,146 on at

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So when you enter the new invoice, you can use whatever date you like as long as the posting date is in July. Then when you void, overwrite the posting date field to June.

Personally, I would probably do a reversing journal at the GL level to move the void to the correct period.

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L Vail 65,271 on at

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Hi,

In that event, simply enter a correcting entry to your general ledger. Reverse the one with the bad date, and enter a new one with the correct date. If you have either the 7 or 8 fiscal periods closed, you will need to temporarily re-open them. Will this not work for you?

Leslie

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Heather, Thank you for your response. I do not think GP will allow me to changing the void posting date to a date prior to the invoice posting date. I am not able to do an entry to A/P for security reasons. I was hoping to find a way other than an entry.

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Heather Roggeveen 9,146 on at

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Hi

Sometimes - and it should always be the last option, not the first - simply doing a journal entry is the correct and simplest course of action.

Cheers

Heather

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L Vail 65,271 on at

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Hi,

So is the only thing you want to change is the posting date on the General Ledger? If so, you could do a reversing entry and a correcting entry to get the transaction posted to the correct date. Is there a problem you think you might run into if you did it this way?

Kind regards,

Leslie

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