Reversing of Transactions

When a transaction has been entered incorrectly by mistake or accidently, You may need to reverse the transaction. Reversing a transaction means turning the transaction and make it’s effect to zero in the financial records. This process of reversing the transaction is the matter of reversing the debits and credits within the transaction.

When the transaction is reversed, the system will create a new transaction that simply reverses the original transaction debits and credits. In Numia, the Online accounting software, Reversing the transaction can be done by following the steps below.

• Choose Report -> Transaction List.



• Select the transaction that need to be reversed.



• Click on the “Reverse” Button to reverse the transaction.