REVERSING TRANSACTIONS

[David T.]

Maf.,

Nice definition. Mind if I add it to the Glossary?

David

> On Apr 21, 2017, at 8:16 PM, Maf. King <maf at chilwell.net> wrote:
> 
> 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.
> 
> 
> 
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