GL batch reversal

[ffarah]

When you reverse a posted GL batch does the subledger get updated? Ie if I reverse a cheque payment, will the AP subledger for the vendor get updated?

thanks frank

 

[Jay Converse]

GL Batch - No.
Cheque payment - Yes.

 

[ffarah]

Ok. I reversed the cheque using the Bank reconcilliation/Reverse Payment, but though the GL account is correct, the Vendor subledger still shows the cheque as being issued. Am I doing it correctly? Is there another way to reverse the cheque so that the Vendor subleger shows the cheque being reversed

 

[Jay Converse]

You must have issued that cheque # twice, and reversed the wrong one. This function always works.

 

[ffarah]

Ok. When I go to the Vendor activity/Transaction Tab and select include fuly paid transactions it lists the cheque there as if it was paid, but when I go to the Payment tab it list the cheque as being reversed. I was not expecting to see the reversed cheque listed in the tranactions with out also seeing the reversed amount as well. Ie the Dr & Cr So I guess it works fine I just needed to understand what is listed in transactions.
Really appreciate your help. thanks
frank

 

[Jay Converse]

Indeed, Accpac doesn't delete the payment like Quickbooks. You would have also noticed that the original invoice that the check paid is also payable again.

 

[ffarah]

A bit confusing but I guess once I understand what its actually doing and showing then it wil all be clear as mud. lol
thanks again. really appreciate your time and help
frank