Hello
how can we edit or cancel a miscellaeous transaction ,say for example, a misc issue or a misc receipt?
Users made errors in quantities and account posting and now we want to edit some and cancel some of them
Ur help would be greatly appreciated
cancel or edit a miscellaneous transaction(PUR)
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- Posts: 59
- Joined: Fri Oct 05, 2007 1:15 am
- Location: Saudi Arabia
Dear All
You cant Cancell or Edit those transactions. But u can make reversal of those transactions to nullifies the accounting entries through the same process misc issu or misc recpt.
1) firstly note down the accounting entries & perform the reversal process. like using with misc issue:
Office supplies A/c dr
to Material inventory value A/c
2) reversal with Misc receipts
by entering accounts Office supplies
Material Inventory A/c
to Office supplies
You cant Cancell or Edit those transactions. But u can make reversal of those transactions to nullifies the accounting entries through the same process misc issu or misc recpt.
1) firstly note down the accounting entries & perform the reversal process. like using with misc issue:
Office supplies A/c dr
to Material inventory value A/c
2) reversal with Misc receipts
by entering accounts Office supplies
Material Inventory A/c
to Office supplies
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