Sage 200: Reversing Transactions

Sage 200: Reversing Transactions

in Sage July 30, 2018

Sage 200: Reversing Transactions

Have you ever accidentally posted a transaction to the wrong account and wished to reverse it with quick to no fuss?  Sage allows users to reverse it with a click of a button by including a new feature called Reverse Transactions.

  1. Go to Sales (or Purchases) > Adjust Transactions > Reverse Transaction.
  2. Enter the Account Code etc. of the account that you mistakenly posted toward to bring up all transactions against that account.
  3. Select the transaction you wish to reverse.
  4. Click Reverse
  5. On the following screen, if required, enter or change the reference. 
  6. If Sage is unable to locate the original nominal and VAT postings, change the account VAT analysis and Nominal analysis if required.
  7. Save the Reversal. This will reverse the transaction automatically for both the account and bank account.  For example, in the Sales Ledger, a payment from the bank account will be placed against the wrongly entered receipt on the customer account.
  8. Post the transaction to the correct account.

Please note that if the transaction has been reconciled it will need to be unreconciled before it can be reversed. This can be done via Cash Book > Period End Routines > Unreconcile Bank Transactions. Once it has been unreconciled it is safe to reverse but all transactions will need to be reconciled afterwards. 

Thank you for reading our latest Sage blog post! If you would like to know more about Sage and some of its useful features then please do not hesitate to contact us. For everything Sage please make sure to check back every week for more Sage news, blog posts and user guides.  

Events & Seminars

We host a wide range of events throughout Scotland.

The training courses are held in our offices in Larbert & Aberdeen, but can be on-site at your own premises if preferred.

Full Events Calendar

Training Academy Courses

We don't have any courses scheduled for this department at present. Please check back later or contact us to discuss your training requirements.