Hi,
I go to the ledger account, and view the transactions. Then I click the button “Reverse transaction”, I always got the error"Error: The Ledger transaction type ** for account ** cannot be reversed".
Any idea?
Transaction will not be reversed if you have posted it through sub ledger. like vendor bank fixed assets etc.
you have to reverse it from respective module and there is also sequence of transaction is followed. for example if you have booked invoice for vendor in invoice journal and made payment also. then first payment entry should be reversed and then vendor invoice.
hope this help
regards
Rajesh
. for example if you have booked invoice for vendor in invoice journal and made payment also. then first payment entry should be reversed and then vendor invoice.
The above process is correct.
Is there a way to void the AP transaction? When I try to reverse the vendor transaction, i am getting error message
“bank account XXX cannot be reversed”