[Question] Journal Reversal (Newbie Question)

[AMGOTTS]

Good Day

Sorry I hope this is not a super silly question (I am not a professional bookkeeper)

I needed to reverse a journal entry because the amount was processed with VAT.

I used the exact same reference (ELEC07/21) and under description used "Reversal"

I now need to process the exact same charge without VAT.

Can I use the same reference or do I need a new reference?

eg: ELEC07/21 (electricity July 2021), as the charge is for electricity usage during the July month.

Thanks in advance

[Dave A]

What accounting software are you using?

[AMGOTTS]

Hi Dave

Pastel Xpress V11

My Concern is more from an accounting/auditing perspective, is it considered acceptable to use the same reference if the program allows it.

[Dave A]

My Concern is more from an accounting/auditing perspective, is it considered acceptable to use the same reference if the program allows it.

I tend to add a (2) when it is a second effort at the same thing.

[AMGOTTS]

Thanks Dave

That helps a lot.