{"id":6525,"date":"2014-02-25T10:33:39","date_gmt":"2014-02-25T10:33:39","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=6525"},"modified":"2014-02-25T10:33:39","modified_gmt":"2014-02-25T10:33:39","slug":"reverse-receipt-and-payment-in-sage-300-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/02\/25\/reverse-receipt-and-payment-in-sage-300-erp\/","title":{"rendered":"Reverse Receipt and Payment in Sage 300 ERP"},"content":{"rendered":"<p style=\"text-align: justify\">There are scenarios where a user can unknowingly apply Payment and Receipt to wrong Invoices in Sage 300 and post the receipts \/ payments. In this case, the user needs to have the functionality to reverse the Payment \/ Receipt so that the Payment \/ Receipt can be reallocated to proper Invoices.<\/p>\n<p style=\"text-align: justify\"><span style=\"color: #800000\"><em><strong>The New Stuff :<\/strong><\/em><\/span> <a title=\"Update Bill-To-Address and Ship-To Address on OE Order Entry Screen\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/02\/25\/update-bill-to-address-and-ship-to-address-on-oe-order-entry-screen\/\" target=\"_blank\">Update Bill-To-Address and Ship-To Address on OE Order Entry Screen<\/a><\/p>\n<p style=\"text-align: justify\">By following the below steps one can reverse transaction in Sage 300 ERP.<\/p>\n<p style=\"text-align: justify\">1. You can un-allocate the posted AR Receipt by using the standard \u201cReverse Transactions\u201d feature available under Bank Services-&gt; Bank Transactions menu in Sage 300 ERP as shown in the below screenshot:<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2014\/02\/bank.jpg\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter  wp-image-6526\" style=\"border: 1px solid black\" alt=\"bank\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2014\/02\/bank.jpg\" width=\"718\" height=\"359\" \/><\/a><\/p>\n<p style=\"text-align: justify\">2. Using this feature, you can process the returned customer checks and credit card payments, and update Accounts Receivable.<br \/>\n3. You can return both outstanding and cleared customer payments that originate in Accounts Receivable.<br \/>\n4. When you reverse a payment that was entered in Accounts Receivable or Accounts Payable, Bank Services automatically updates the customer balances in Accounts Receivable or the vendor balances in Accounts Payable respectively.<br \/>\n5. Release any paid invoices and changing the status of the payment to Reversed or Returned.<\/p>\n<p style=\"text-align: justify\"><strong>Please Note : <\/strong>when you reverse a receipt, Bank Services creates a withdrawal entry on the Reconciliation tab in the Reconcile Statements screen.<\/p>\n<p style=\"text-align: justify\">To conclude, by following simple steps mentioned above a user can reverse Receipt\/Payment transaction in Sage 300 ERP.<\/p>\n<p style=\"text-align: justify\"><strong>Also Read :<\/strong><br \/>\n1. <a title=\"Reverse Transaction feature in Sage 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/01\/05\/reverse-transaction-feature-in-sage-300-erp\/\" target=\"_blank\">Reverse Transaction feature in Sage 300 ERP<\/a><br \/>\n2. <a title=\"Reverse Transactions \u2013 Receipt Reversal Transaction in SAGE 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/11\/18\/reverse-transactions-receipt-reversal-transaction-in-sage-300-erp\/\" target=\"_blank\">Reverse Transactions \u2013 Receipt Reversal Transaction in SAGE 300 ERP<\/a><br \/>\n3. <a title=\"Financial Effect of Payment Reversal Transaction in SAGE 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/10\/31\/financial-effect-of-payment-reversal-transaction-in-sage-300-erp\/\" target=\"_blank\">Financial Effect of Payment Reversal Transaction in SAGE 300 ERP<\/a><br \/>\n4. <a title=\"Reverse Transactions \u2013 Payment Reversal Transaction in SAGE 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/10\/30\/reverse-transactions-payment-reversal-transaction-in-sage-300-erp\/\" target=\"_blank\">Reverse Transactions \u2013 Payment Reversal Transaction in SAGE 300 ERP<\/a><br \/>\n5. <a title=\"Reverse Batch feature in Sage 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/01\/09\/reverse-batch-feature-in-sage-300-erp\/\" target=\"_blank\">Reverse Batch feature in Sage 300 ERP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are scenarios where a user can unknowingly apply Payment and Receipt to wrong Invoices in Sage 300 and post the receipts \/ payments. In this case, the user needs to have the functionality to reverse the Payment \/ Receipt so that the Payment \/ Receipt can be reallocated to proper Invoices. The New Stuff\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/02\/25\/reverse-receipt-and-payment-in-sage-300-erp\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2],"tags":[57,60,335,2286,2287,2288,2357,2910],"class_list":["post-6525","post","type-post","status-publish","format-standard","hentry","category-accpac-sdk","category-sage-accpac","tag-account-payable","tag-account-receivable","tag-bank-module","tag-reverse-payment","tag-reverse-receipts","tag-reverse-transaction","tag-sage-300-erp","tag-un-allocate-receipts-and-payments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reverse Receipt and Payment in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/02\/25\/reverse-receipt-and-payment-in-sage-300-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reverse Receipt and Payment in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"There are scenarios where a user can unknowingly apply Payment and Receipt to wrong Invoices in Sage 300 and post the receipts \/ payments. 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