{"id":3416,"date":"2021-02-11T17:24:16","date_gmt":"2021-02-11T17:24:16","guid":{"rendered":"https:\/\/tms-scotland.com\/2021\/02\/reverse-transactions\/"},"modified":"2021-05-18T16:47:26","modified_gmt":"2021-05-18T16:47:26","slug":"reverse-transactions","status":"publish","type":"post","link":"https:\/\/tms-scotland.com\/2021\/02\/reverse-transactions\/","title":{"rendered":"Reverse Transactions"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.7.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_row _builder_version=&#8221;4.7.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.7.7&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.7.7&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p><strong>How to reverse transactions in Sage 200<\/strong><\/p>\n<p>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 feature called Reverse Transactions.<\/p>\n<p>Here\u2019s our step by step guide to reversing transactions:<br \/>Step 1. Go to Sales (or Purchases) &gt; Adjust Transactions &gt; Reverse Transaction. <br \/>Step 2. Enter the Account Code etc. of the account that you mistakenly posted toward to bring up all transactions against that account.<br \/>Step 3. Select the transaction you wish to reverse.<br \/>Step 4. Click Reverse<br \/>Step 5. On the following screen, if required, enter or change the reference.<\/p>\n<p><img decoding=\"async\" width=\"300\" height=\"221\" class=\"wp-image-235844 alignnone size-medium\" alt=\"\" src=\"https:\/\/tms-scotland.com\/sage\/wp-content\/uploads\/sites\/3\/2021\/02\/Picture1-300x221.jpg\" \/><\/p>\n<p>Step 6. If Sage is unable to locate the original nominal and VAT postings, change the account VAT analysis and Nominal analysis if required.<br \/>Step 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.<br \/>Step 8. Post the transaction to the correct account.<\/p>\n<p>Please note: if the transaction has been reconciled it will need to be unreconciled before it can be reversed. This can be done via Cash Book &gt; Period End Routines &gt; Unreconcile Bank Transactions. Once it has been unreconciled it is safe to reverse but all transactions will need to be reconciled afterwards.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>How to reverse transactions in Sage 200 Have you ever accidentally posted a transaction to the wrong account and wished to reverse it with quick to no fuss? Sage allows [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[10,13],"tags":[59,58,60,61],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reverse Transactions | TMS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tms-scotland.com\/2021\/02\/reverse-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reverse Transactions | TMS\" \/>\n<meta property=\"og:description\" content=\"How to reverse transactions in Sage 200 Have you ever accidentally posted a transaction to the wrong account and wished to reverse it with quick to no fuss? 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