Reverse transactions

This article shows which transactions can reverse the effects of other transactions in Sage Accounting.

Sometimes you need to delete a transaction but you can't, because it's part of a VAT Return. In this scenario, you need to post a reversal. 

Before You Start

You’ll need to make note of some details of the transaction you want to reverse:

• Customer/ Supplier
• Date
• Amount
• Bank Account

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What transactions reverse each other?

Depending on what type of transaction you need to reverse will determine which transaction you use to reverse it.

Sales transactions

Transaction Type	Transaction type needed to reverse
Sales invoice	Sales Credit Note
Sales Credit Note	Sales Invoice
Sales Discount	Sales Invoice
Customer Payment on Account	Customer Refund
Customer Receipt	Customer Refund
Customer Refund	Customer Payment on Account
Other Receipt	Other Payment

Purchase transactions

Transaction Type	Transaction type needed to reverse
Purchase Invoice	Purchase Credit Note
Purchase Credit Note	Purchase Invoice
Purchase Discount	Purchase Invoice
Supplier Payment on Account	Supplier Refund
Supplier Payment	Supplier Refund
Supplier Refund	Supplier Payment on Account
Other Payment	Other Receipt

Once posted, the new transaction will appear on your next VAT Return for you to submit.