reversing in FA

[TBCgunni]

When I reverse a transaction in FA (v.11) a box pops up that says it will change the transaction in FA but not in Accounts Payable where the trans. originated. Is there something that I need to do in AP then after reversing in FA? Thank you - Elida Jacobs

[tborgal]

If you are in fact reversing a transaction that was originated in AP you should reverse it there first. When the reversal is posted it will do the reversal in FA as well once you post the transaction in FA.

Hope this does not confuse you more than help.

[TBCgunni]

I am confused.....this reversal that I am doing has already been posted - so did it in FA - the box pops up - then do I have to do something in AP? Sorry for the confusion.....or is there a better way to do a reversal to start with???

[Jeff]

The warning is there to let you know that AP information is not being changed. For example if you void an entry in Fund Accounting, that amount will still be in the AP records. If you then need to send that person a 1099 at the end of the year, your 1099 will be wrong because it pulls its information from AP not from the Fund Accounting records. That is the reason why it is better to make your changes and voids in the module where the transaction originated.