Reversing a payment

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    You can reverse a payment entry. In case of an error in the original entry of the payment, or if a cheque was cancelled, you can remove this transaction from the employee’s ledger.

    Once you have reversed a payment, it is no longer in the system and cannot be reallocated later. Payments can be reversed across open or closed tax periods. The reversed payment can be viewed in the Ledger window when the employee is selected.

    Reverse a payment

    1. On the main menu, click Bookkeeping > Cash Posting > Employee Ledger.

    2. In the Employee Ledger window, if the employee Ledger window is not displayed, select the Ledger option.

    3. Select the employee by entering either the Employee Name or the Employee Code.
      The employee details, together with a list of all invoices, is displayed.

    4. Select the Show Zero check box.
      All transactions for the selected employee are displayed.

    5. Select the payment that requires reversal.

    6. Click Reverse.
      The payment is reversed. An identical row with a minus amount appears in the Ledger grid.