Corrections - I made an error while posting the transaction, how do I correct it?

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Corrections - I made an error while posting the transaction, how do I correct it?

If it is the last transaction in the General Ledger (the last one you did), you can undo it. The 'undo' will remove the whole transaction (not only a part of it). You will have to do it again.

Or you can easily modify a transaction:

•	Using the "Modify Transaction" button in the General Ledger

•	You can modify the date (this will change the dates for all lines of the transaction, except for dates anterior to the last interest calculation date on receivables)

•	You can modify the account number by choosing another one (for the account on the selected highlighted line, except for receivables, payables, bank accounts and default accounts used by automatic functions)

•	You can also modify or delete the accounting note attached to the transaction

•	A note will be automatically attached to the transaction to inform the future readers of the changes made

•	Moreover, the correction will be recorded in the list of corrections (available via the button "Modification History")

Reminder

You can also delete a transaction as far as it is the last one in the General Ledger (Undo).

Even better, you can delete several transactions in a row (using the button "Undo Selected Transactions" or the menu Transactions>Undo Last Transaction repetitively).

You can also reverse a transaction using the button "Reverse Transaction". This will not delete the transaction. Consequently, the original transaction will still be there plus the reversal. If you want to keep better audit trails, you should use that method.

If it is transaction you are talking about is a collection (by check or cash), you can reverse it in the deposit slip if this one has not been processed yet.

See also the topic Financial Statements>General Ledger, under "Reverse Transaction".