Banking

Finding, changing, deleting and reversing Spend Money transactions

There may be times when you need to change, delete or reverse a transaction you've entered into the MYOB system. When this is the case, you can choose to make changes to transactions entered in the Spend Money window so your records are updated properly. (You can make changes to transactions if your company file is changeable; see Choosing changeable or unchangeable transactions.)

Whether you can change, delete or reverse a transaction depends on how you set up FirstEdge. An important point to consider is whether your transaction is changeable or unchangeable.

If a transaction is changeable, you can make changes to it or delete it altogether from your ledger. Keep in mind, if you activated the Use Audit Trail Tracking preference, all deleted transactions are recorded. (Changes and entries recorded by Audit Trail Tracking)

Unchangeable transactions work differently. If you reverse an unchangeable transaction, the effects of your original transaction will no longer be part of your ledger; however, a record of the reversed transaction -- called a reversing transaction -- will remain. Then, if you want, you can enter a new, correct transaction to replace the transaction you reversed. When you record the reversal, all account balances will be returned to their previous levels.

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