Correct nominal journal entries in the current year

You can correct nominal transactions you entered for the current year that you entered using Journal Entry (Nominal Ledger > Enter Transactions > Journal Entry).

Depending on the period in which you are posting the transaction, so you can correct the transaction from Deferred Pending Postings, Current Transactions List, or Current Pending Postings.

• If the period in which you are posting the transaction is Future, the transaction you are posting will go into Deferred Pending Postings.

• If the period in which you are posting the transaction is Open and you have selected Update the Nominal Ledger immediately journal entries are posted in the Nominal Settings Options tab, the transaction you are posting will go into Current Transactions List (for posted transactions).

• If the period in which you are posting the transaction is Open and you have not selected the option to update the Nominal Ledger immediately in the Nominal Settings Options tab, then the transaction you are posting will go into Current Pending Postings.

Open: Nominal Ledger > Nominal Enquiries > Current Transactions List

Open: Nominal Ledger > Period End Routines > Current Pending Postings List or Deferred Pending Postings List

Open: Workspaces > Nominal Current Transaction Enquiry, Nominal Current Pending Postings or Nominal Deferred Pending Postings

Reverse the transaction

• Select a transaction, then choose the Correct Transactions icon or right-click and select Actions > Correct Transactions.

• Select Reverse.

  Opposite entries to the original entries are posted. The original transactions are not removed.

Make corrections to the transaction

Note: You cannot correct recurring or reversing entries. You must reverse these and post a new recurring or reversing entry instead.

1. Select a transaction, then choose the Correct Transactions icon or right-click and select Actions > Correct Transactions.

2. Amend the details required, for example Narrative, VAT Type, VAT Code, or Debit/Credit.

   • To add a line, tab into the new line from the end of the previous line, then select the required details.

   • To delete a line, select the line and select Delete.

   • To reset to the original values, select Reset.

3. Select Post Corrections to confirm your corrections..

Amend the narrative only

1. Select a transaction, then choose the Correct Transactions icon or right-click and select Actions > Correct Transactions.

2. Amend the Narrative or Transaction Analysis.

   Note: To reset to the original values, click Reset.

3. Select Update Details.