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Thread: Reversing entry posted to wrong GL account

  1. #1
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    Hi Dave,

    I have updated a supplier return & debit note with 3 transactions and I have just realized that one of the transactions was posted to a wrong GL account. How do I correct it?

    I was thinking I'd process a supplier invoice to reverse the transaction, and then do another R & D, but I'm not sure about reversing it with a suppler invoice. Should I do a journal instead?

    your prompt response will be highly appreciated.

    Tuna

  2. #2
    Platinum Member Neville Bailey's Avatar
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    You can do it either way.

    A general journal will probably be the quickest option.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
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    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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    Thank you very much

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