Reversing a repayment

If you have drawn a cheque and later find that you shouldn't have, you can reverse the repayment as follows:

1. Create a creditor invoice posting and enter in a negative cheque with Invoice Mode of Already Written. Enter the cheque number of the cheque that was drawn.

   Note: This is the same process as putting in a cancelled cheque and effectively puts money back into the bank.

2. Load the original deposit and go to the Repayments tab. See Enrolment Deposits Maintenance - Repayments tab.
3. Click .

   The Create New Enrolment Deposit Repayment window is displayed.

   

4. Enter in the negative amount.
5. Use CRDINV as the posting source.

   Note: The posting number and date need to be the same as the reversal invoice posting.

6. Click .

Last modified: 15/09/2016 5:27:50 PM

© 2017 Synergetic Management Systems. Published 20 July 2017.