Reversing Transactions

When a transaction needs to be canceled in the Cashbook it can be automatically reversed.

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Once reversed the status of the transaction cannot be changed again.

Cashbook allows the reversing of transactions while performing a bank reconciliation.

When a transaction is reversed an entry with the same reference number is created in a Cashbook Reversal batch.

If this entry has a different date than the original entry, only the balance in the new period will be affected.

When performing reversals, Cashbook will look in Sage 300cloud Bank Services to reverse the entry in Sage 300cloud Accounts Payable/Receivable as well.

If the entry is found in Bank Services the message ‘Cheque/Receipt found in Sage 300cloud Bank Services to reverse’ is displayed.

If you want to reverse an Accounts Payable/Accounts Receivable entry in Cashbook only and not in Bank Services toggle the Reverse CB Only check box on.

Transactions cannot be reversed under the following circumstances:

User has not been assigned Reverse, Cheques and Deposits Security rights
The transaction is matched in RecXpress and has not been posted
The matched RecXpress transaction has been posted but not cleared in RecXpress
Entry has already been reversed
Entry is Reconciled
Entry is Reconciled in Error
Cheque/Receipt has been printed but not posted

Field	Value
Use Range	Select the Use Range tick box to reverse a range of entries selected by Reference and Date range.
Reversal Date	Enter the date of the reversal. The date will default to the login date.
Reversal Reason	Enter the reason for the reversal. You cannot continue without filling in this field.

Button	Select
Reverse	Select the Reverse button to reverse the entry.
View Entry	Select the View Entry button to view the entry detail.
Close	Select the Close button to close the Reverse Entry window.