To reverse a Spend Money transaction

If you haven’t already read the Spend Money Overview, see Finding, changing, removing and reversing Spend Money transactions for more information.

Use this procedure only if your transactions are unchangeable. See What are changeable and unchangeable transactions? for more information.

  1. Display the transaction you want to reverse. (If you need help doing this, see To find a Spend Money transaction.)
  2. Choose Reverse Check Transaction from the Edit menu. After a few moments, a new transaction, containing amounts exactly opposite of the amount in the original transaction will be displayed.

If you’re reversing a transaction from a previous accounting period, consider assigning a date from that period to the new transaction. This will allow your reports for that accounting period to reflect the proper amounts.

  1. Click Record to save the reversed transaction.

At this point, the transaction is reversed. All account balances have been returned to their previous levels.

To reverse a Spend Money transaction