Forum Discussion

MargT's avatar
MargT
Experienced User
3 years ago

Reversing an Electronic Payment

I have followed the steps to Reverse a Transaction but now I am stuck.   The original transactions were electronic payments.  The Bank Statement is showing them as a credit as the bank rejected the...
  • LRBooks61's avatar
    LRBooks61
    3 years ago

    Yes that was the correct way to do it

    Processing the payment /reversal is how MYOB creates the transaction for you

     

    Great job

     

    Lisa

MargT's avatar
MargT
Experienced User

Thanks Lisa.

 

So I selected Prepare Electronic Payments, then chose the reversal followed by Bank File.  No Bank File was created.  It was then sitting in my Bank Reconciliation and I could complete my bank reconciliation.

 

This was the correct way to process the transaction?

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Yes that was the correct way to do it

Processing the payment /reversal is how MYOB creates the transaction for you

 

Great job

 

Lisa

  • MargT's avatar
    MargT
    Experienced User
    3 years ago

    Thanks Lisa

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