Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Please note that on Saturday, April 18, 2026, at 8:00 PM Pacific Time, our Case Management System will undergo a scheduled maintenance for approximately 15 minutes. During this time, case creation via SuiteAnswers will be unavailable and inbound calls will be routed to Customer Service.
Accounting Preferences - Void transactions Using Reversing JE
I would appreciate an explanation on how this works. Currently we do not have this preference checked. What is meant in the last paragraph? Can those types of transactions be reversed?
Check this box to create a reversing journal entry that voids checks and transactions on days or periods different than the original transaction date.
Create a reversing journal entry by clicking the Void button on the following transactions:
- Check
- Bill Payment
- Payroll Liability Payment
- Customer Refund
- Tax Payment
- Tax Liability Check
When you check this preference, you can no longer void the following transactions: sales order, estimate, cash sale, invoice, return authorization, cash refund, and credit memo.
0