Managing Transactions

Deleting transactions

 

After you record a transaction in MYOB AccountEdge, you may want to change the information you've entered or to completely remove the transaction from your accounting records.

If your accountant requires that you maintain an audit trail of all your accounting entries, you should reverse transactions rather than changing or deleting them.

If, on the other hand, your account has advised you to make necessary changes, you should change and delete transactions. In order to change and delete transactions, your transactions must be changeable. That is, the security preference "Transactions CAN'T be Changed; They Must be Reversed" should be unmarked. (Choosing changeable or unchangeable transactions)

When you delete a transaction, it is permanently removed from your company file.

If you activated the Use Audit Trail Tracking preference, this is among the changes that are recorded. (Changes and entries recorded by Audit Trail Tracking)

Some transactions must meet certain criteria before they can be deleted. (Criteria for deleting transactions)

Please note that credit card payment transactions that have been authorized using the MYOB Merchant Account Service can only be reversed or voided. (Voiding credit card payments)

Note:  Voiding versus deleting a transaction

Step by step

Related topics