how to reverse that transaction in Detail Tax entry.

hansika

Hi ,

In test company. am updating opening entries for Excise , Vat

When post Vat opening journal (detail Tax entry ) will update .

Lets say I entered the wrong value In vat opening journal and posted that one.

I am updating vat opening entries using G/L account.

So I assigned that Tax group code to that G/L account.

That means I need to update the Vat % = 4 , By mistake I taken 12.5 %.

Then G/L entry , tailed tax entry updated .

Now how to correct that one.

That means I know how to reverse that G/L entries.

But how to reverse that transaction in Detail Tax entry.

Please throw some valuable suggestion.

hansika

experts, throw some help on this................

gsiracusa

In the form General Ledger Entries you can use function "Reverse Transaction".
It automatically reverse off all the transactions