You take the requirements and then YOU solution it as the consultant. So this is a prime example of DO NOT LET THE USER SOLUTION IT. But as you can see from my answer, I backed up and thought of some other solutions. You made the mistake of letting the user solution it and then your brain was already locked in an alley based on the user's solution. That level of answer is what you need to aspire to as a NS consultant. As you see in my answer, there are at least 3 ways to fix this (manual reversing J/E, Credit Memo, delete) and each has a different mix of pros & cons. So you totally missed the advisory portion of this question. This is an excellent instruction, BUT you are a consultant and you totally forgot to backup and understand why they screwed this up, AND if reversing J/E is the best way to fix this mistake. For example, if the original invoice was posted as a debit to Accounts Receivable and a credit to Sales, the reversal journal entry should be posted as a credit to Accounts Receivable and a debit to Sales. Note: The reversal journal entry must have the same amount as the original invoice, but the opposite debit/credit posting. Click the Save button to save the journal entry.In the Memo field, enter a brief description of the reversal.Enter the amount of the original invoice in the Debit or Credit field, depending on the account you selected in step 4.In the Account field, select the account that was originally debited or credited in the invoice.In the header of the journal entry, select the date of the original invoice that you want to reverse.Create a new journal entry by clicking the New Journal Entry button.Go to Transactions > Financial > Make Journal Entries.The GUMU™ Cloud framework by Greytrix forms the backbone of cloud integrations that are managed in real-time for processing and execution of application programs at the click of a button.įor more details on Sage 100 Services, please contact us at We will like to hear from you.To do a reversal journal posting for invoices in NetSuite, follow these steps:
Sage 100 product listings by Greytrix include Salesforce – Sage ERP integration available on Salesforce Appexchange, Dynamics 365 CRM – Sage ERP integration available on Microsoft Appsource (Free Trial). We also offer best-in-class Sage 100 customization and development services to Sage business partners, end users, and Sage PSG worldwide. The unique GUMU™ integration solutions provided by Greytrix for Sage 100 include Sage 100 integration with Sage CRM, and, Dynamics 365 CRM, the migration solutions include Sage 100 Migration from Sage 50 US, Sage Intacct, QuickBooks, Sage Business Vision and Sage Business Works. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development, and implementation competence. Greytrix – a globally recognized and one of the oldest Sage Development Partners is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Once an application has been reversed user will be able to reapply the application by using the Apply Payments and Memos task.The Reverse Applications has supported only the full reversal of the application.When the transaction is reversed, after that user will be able to view that records in Business Intelligence views.A user will be able to select for reverse the application of a Credit Memo, Debit Memo, Invoice, and Payment after it has been posted.Reverse Payment Applications: On click of this button, a user will be able to select a Posted Customer Payment.Reverse Memo Applications: On click of this button, a user will be able to select a Posted invoice, Credit Memo or Debit Memo.Go to the Account receivable module > Activities menus > Reverse Application. Here’s the below screen by using the user can generate the AR reverse application for invoice, payment, and memos. This utility gives the user ability to make a reverse entry for invoice, Payment entries and memo (Debit/Credit). The Reverse Applications task is located on the Accounts Receivable module in Sage 500. The new feature has been added in Sage 500 from version 2014 for AR Reverse Applications.