While performing your Bank Reconciliation you are able to reverse transactions in the Cashbook.
Transactions reversed are automatically zeroed and reconciled by generating a Reversal batch.
Once a transaction has been reversed its status cannot be changed.
If you are interfaced to Accounts Receivable or Accounts Payable, once you have reversed a transaction in Cashbook, Cashbook will look for the transaction in Bank Services.
If the transaction is found in Bank Services, the Bank Services reversal function is used to reverse the entry and re-instate the invoices in Accounts Receivable or Accounts Payable.
If the transaction can not be found in Bank Services Cashbook will display a message “Cheque not found in Bank Services” and you will not be able to reverse the entry.
Easily locate the contra entry of a Reversal using the drill down icon for “View Reversal”.