Write Cheques

Reversing A Cheque

If the arrow beside the Cash Disbursements Journal entry is grey, the cash disbursement transaction cannot be changed.
It must be reversed and re-entered if it is wrong.

Click on the grey arrow to display the original cheque.

Reverse the entry by choosing Reverse Cheque Transaction from the Edit menu. This creates a reversing entry for you.
M.Y.O.B. creates a Cash Disbursements Journal entry that is the reverse of the one you selected

Check the details of the reversing entry. In particular, note the date of the entry. If you have make a Cash Disbursements Journal entry in one month (for example, in June) and reverse it in the next month (for example, July) then the entry will be in the accounting system and the accounting reports at the end of June. If you do not want this entry in the June accounts (for example, because it is wrong) then the date of the reversing entry must be changed to a June date. Similarly, when the correct Cash Disbursements Journal entry is put in it must have a June date. The accounting reports for June must then be re-printed once the mistake has been corrected.

Click OK or Record to record this entry. The reversing entry will be recorded in M.Y.O.B.

The correct cheque details can now be entered.

 

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