Reverse transaction in Fund Accounting

[laanra]

I did something rather "silly" today - After posting a check from Accounts Payable and also posting it in Fund Accounting, I realized I made a mistake! So I reveresed the transaction in Fund Accounting (even though I saw the warning that it would not be corrected in Accounts Payable). Now, my question is how do I correct it in Accounts Payable? Thanks ahead of time for advice!

Lois

[Jeff]

Do the correction in Accounts Payable and post it to Fund Accounting. Since the correction has already been made in Fund Accounting, you will want to delete the entry posted from AP while it is still unposted in Fund Accounting.

Here is a step by step:

• Make Correction in AP
  Post to Paid Items File and Fund Accounting (PowerChurch updates AP and creates an entry in unposted Fund Accounting)
  Go to Modify Unposted Unposted in Fund Accounting
  Find entry posted from AP and delete it.

[laanra]

Thanks for the help! I knew it would be something easy to fix!

Lois

[Red Clay]

I want to correct a posted transaction and I did the reversing but it didn't seem to work.

Please help! I am on a deadline.

Bracelet

[Zaphod]

If you enter a reversing transaction, then post it, that should take care of your bottom line. You will still see the original transaction and the reversal in your reports, but they cancel each other out when totalled.