To reverse a Nominal Journal entry

If you haven't already read the Nominal Journal Entries Overview, see Finding, changing, removing and reversing Nominal Journal entries for more information.

Use this procedure only if your transactions are unchangeable. See What are changeable and unchangeable transactions? for more information.

The Nominal Journal entry you want to reverse should be displayed in the Record Journal Entry window. If you need help doing this, see To find a Nominal Journal entry.

  1. Choose Reverse Nominal Journal Transaction from the Edit menu. After a few moments, a new transaction, containing amounts exactly opposite of the amount in the Nominal Journal entry will be displayed in the Record Journal Entry window.

  1. Click Record to record the reversed Nominal Journal entry. At this point, the Nominal Journal entry is reversed. All account balances have been returned to their previous levels.