Reversal Entries |
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There are times when an invoice needs to be reversed (unprinted) regardless of whether it has been paid or not. Jim2 handles this action by entering a reversal entry for the invoice, a reversal entry for any discounts applied, and the payment becomes a credit amount, which can then be applied to another invoice.
If reversing the payment is not ticked, the bank account and debtors balances in respect of that payment entry have not changed. Only Jim2 has changed in relation to that payment's entry, to make it show as a credit – not an applied payment.
Further information Debtors Allocate Payments Grid Enter Discounts and Account Fees Debtor Payments Including Commission Move Unknown Payments to Debtor |