Voiding and deleting journal entries

The status of a journal entry will be changed to voided. The journal entry will not be completely deleted.

To void or delete a journal entry

Click

> Manage > Journal Entries or go to the Journal Entry task widget.

Do the following:

Do this

Delete a transaction (row) only

Select the row you want to delete.
Click Delete.
Click Yes to delete the row.

Void the journal entry

Select the journal entry you want to void.
Click Actions.
Click Yes to void the journal entry.

You may get prompted for the date to use to reverse the entries if your role is set to allow entries prior to the do not allow date and you are voiding a journal entry prior to that date.

This reverses all journal entry detail.

Note:

When you delete an auto-reversing journal entry

A journal entry consisting of two entries. The first is made in the current accounting period to ensure that accrued revenues and expenses are recorded correctly on financial statements. The second is made with a future date that reverses the effects of the first entry, to prevent duplication when the actual revenues and expenses are entered. Firms often use auto-reversing journal entries at the end and beginning of accounting periods, such as month-end or year-end, to get an accurate view of their monthly or yearly financial status., Ajera does not automatically delete the other entry.

Concepts

About journal entries

About accounting basis

About accrual vs. cash accounting basis

About amount spent

About importing journal entries

Tasks

Entering journal entries

Setting up journal entry import

Import journal entries

Changing journal entries

Copying journal entries