Correcting General Ledger Entry in Dynamics GP

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:

  1. Back Out a Journal Entry
  2. 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:

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