Message-ID: <1694172320.7185.1711697090915.JavaMail.tomcat@ip-10-129-228-235> Subject: Exported From Confluence MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_Part_7184_2070290594.1711697090913" ------=_Part_7184_2070290594.1711697090913 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Content-Location: file:///C:/exported.html Reversing receipts

Reversing receipts

Practice Manager only

You may need to reverse a receipt where it was input with an incor= rect amount or date.

Once you have reversed a receipt, it is automatically matched agai= nst the original entry. The reversed receipt can be viewed in the Debtors L= edger when the client is selected.

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You cannot delete = a receipt once it has been posted; you can only reverse them.

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Rules for reversing= receipts:

  • If you have closed your Tax (AE) and/or Accounting period, you won't be= able to reverse the receipt. You'll need to enter a negative receipt.
  • If using Bank Reconciliation within AE, you can't reverse receipts. You= 'll need to enter a negative receipt.
  • The receipt must be unallocated before it can be reversed.=
  • When reversing a receipt you must date the reversal within = an open accounting period.
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To reverse a receipt
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  1. Access the Debtors Ledger for the client. See Accessing the debtors ledger.<= /p>

  2. Ensure that the Show Zero option is selected. All t= ransactions for the selected client are displayed. By default, the previous= 12 month transactions are displayed. You can change the date of which tran= sactions are displayed by entering or selecting the date in the field adjac= ent to the Show Zero checkbox.

  3. Select the receipt that requires reversal.

  4. Click Unallocate. The Unallocated Cash Tax = Rate window opens.

  5. Select the appropriate tax rate from the drop-down Select Tax Rate field.

  6. Click OK. The receipt is unallocated.

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    If the promp= t Failed to Unallocate. You cannot unallocate cash which is = in a closed accounting period appears, you will need to ente= r a negative receipt.

  7. Select the receipt that requires reversal.

  8. Click Reverse.

  9. Enter the date to which the receipt is to be reversed. The receipt i= s reversed. An identical row with a minus amount is displayed in the Ledger= table.

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    The receipt = could be reversed using the original receipt date if it falls within the cu= rrent period.  If the entry is in a closed accounting period, you will= need to enter a negative receipt dated in the current period, for exa= mple $-200.00.

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