Correcting general ledger entries in Dynamics GP are easy to create.
If you post a transaction and realize later that it is incorrect and needs to be corrected, you can create a journal entry by referencing the incorrect entry, and then clicking on “Correct” to initiate the correcting entry.
You have two options for the correcting entry:
- Back Out a Journal Entry
- Back Out a Journal Entry and Create a Correcting Entry
The benefit of this transaction type is that provides the information for the transaction from the referenced, previously posted transaction.
Here is a quick video in which you can see this process: