Reversing a Transaction

How do I reverse a transaction?

Before you start, you will need the transaction number. You can find this on the Transaction Report. For example: if you are reversing a rent, you can go to the Tenant Transaction Report and find the transaction you require. Note down the number.

  • Click on Transactions
  • Click on History (Top right of screen)
  • Enter the transaction number at the top of the screen, enter it in both places. Click on Refresh
    Note: if you do not know the transaction number, you can use date  by using the filter dropdown box and click on the refresh button
  • The transaction should now be showing at the top of the screen
  • Click the arrow next to the edit drop-down and select "Reverse Transaction"

  • You will be asked if you are sure 

  • Click yes

 

 

The Reversal does not show on the screen especially if you have filtered to the number, so you may need to change it back to date and refresh if you want to see the transaction. 

Both of these transactions will be in your reconciliation - you need to present them both

 

How do I reverse transactions in bulk?

Reverse and hide receipts in one easy step. The bulk reversal feature was released in March however you may not be aware that it makes reversing single transactions easy too!

If you need to reverse a rent receipt or invoice receipt, tick the receipt, and rather than using the dropdown option to reverse - use the Reverse icon at the top of the history screen. This will give you the option to add a comment as to why the reversal is being done and hide the transaction at the same time!

Easy!

NOTE: You can only use this feature on ''Receipt Rent, Payment Owner, Receipt Tenancy Invoice & Payment Supplier'' transaction types.

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Note:

The receipt might have auto presented so you may only see the reversal.

  • Make sure you present them using the correct date (have to be in the current month)

Note:

If the receipt was this month, you may have already presented it, so the only transaction showing in the un-presented area will be the negative one. You need to present it. Make sure you presented it down using the same date otherwise you will put out your running balances.

 

If the original transaction was this month you will be able to hide it from the Owner Statement. See Hiding transactions for more information. 


 

 

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