REVERSING TRANSACTIONS

[Maf. King]

On Friday, 21 April 2017 15:35:20 BST Jonathan Silvey wrote:
> Can anyone tells me where I can find out what a 'reversing transaction' is?
> I find the Help guides unhelpful because you can't use Control-F to find a
> phrase.
> 

Hi Jonathan,

In formal accounting, you never delete a transaction.  If you make a mistake, 
you use a reversing transaction to counter your error and re-enter the correct 
version.

Others may be able to expand on that a bit more.

HTH,
Maf.