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NorthScope allows voiding and correcting posted checkbook Adjustment transaction Transfer transactions provided they have not been reconciled. If they are on a Checkbook Reconciliation, the Reconciliation must first be voided.
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- Navigate to the transaction that is being voided.
- The transaction must be located from the 'Checkbook Transaction Inquiry' which can be opened from:
- Financial → Inquiries → Checkbook Transaction Inquiry
- The transaction must be located from the 'Checkbook Transaction Inquiry' which can be opened from:
- Find and select the Adjustment Transfer that needs to be voided (only one transaction can be voided at a time).
- Click the 'More Actions' icon in the header toolbar and select "Void or Correct" (this opens the 'Void/Correct Transaction' page).
The 'Void/Correct Transaction' page will open showing the Adjustment Transfer transaction that was selected.
- Page Header
- Message: Text that identifies the effect that voiding and correcting this transaction will have.
- Option: Used to select either Void or Void & Correct
- Effective Date: Identifies the date the void or correction will post to the general ledger.
- If the source transaction was posted in an open Fiscal Period, this will default to the source transaction's Date. Otherwise, this will be blank.
- Transaction Type: AdjustmentTransfer. Identifies the type of transaction being voided or corrected (non-editable).
- Transaction: Identifies the transaction ID of the Adjustment Transfer being voided or corrected (non-editable).
- Date: Identifies the GL Date of the Adjustment Transfer transaction being voided or corrected (non-editable).
- Reconciliation Details: If the transaction has been reconciled, details of the reconciliation will be displayed.
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The following events happen when an Adjustment a Transfer is voided.
- A reversing Adjustment Transfer transaction is automatically created and posted to update the General Ledger.
- Status: 'Posted'
- GL Date: from the 'Effective Date' that was specified.
- The original transaction remains unchanged.
- The net result is an offsetting Adjustment Transfer to both the Checkbook and General Ledger balance.
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The following events happen when an Adjustment a Transfer is Corrected.
- All the steps outlined above for voiding.
- A clone of the source Adjustment source Transfer transaction is placed in the Checkbook Transaction List View allowing for edit and re-posting.