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NSC | Accounting Preference > Effects of Enabling the Void Transactions Using Reversing Journals

edited Sep 5, 2022 3:00PM in Accounting / ERP

1.      When the preference Void Transactions Using Reversing Journals is enabled, the journal entry form will no longer display the Void button as illustrated below.

If the user would like to void a Journal Entry, they can just reverse it by editing the Journal Entry and entering a Reversal Date. There will also be a link to the Reversal Journal Entry.

2.      Voiding Bill Payments will change the status of the Bill to Open Status

Here is a bill that has a status of Paid in Full

After the Bill Payment was voided, the status of the bill be set to Open

Refer a Member | Answer Accepter

Micah Timbol | Basic and Advanced Accounting, OTC Guru

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