This can be used to cancel transactions that have been posted to a supplier's
account. This may be required to correct posting errors such as payments
entered on the wrong account, incorrect amounts etc.
1.
Select Gx Purchase on the toolbar.
2. Select Supplier Details from the menu.
3. Enter the Account Code.
4. Click the Transactions tab.
5. Right-click the transaction you want to delete.
6. Choose Cancel Transaction from the context menu.
7. Click Yes to cancel the transaction.
8. The system will automatically generate a new transaction to reverse the
chosen transaction. Enter a reference for this new transaction e.g.
"correction".
9. Click Ok.
10. The new transaction will automatically appear at the end of the
transaction list. If the transaction being canceled is an invoice, the system
posts a -ve journal to reverse it. A +ve journal is created to cancel credit
notes and a -ve cash transaction will be created to cancel cash
transactions. The allocations against the original transaction are
automatically undone, and the canceled transaction is matched against the
new transaction that reverses it.