Sage 50 Reverse Invoice – Undo, Void, Revert Unpaid Invoices

To reverse an invoice in Sage 50, you have two options: you can either void the invoice or create a credit note and apply it to the original. Voiding completely removes the invoice from your records, while using a credit note lets you offset the amount owed, effectively canceling out the original invoice. You can reverse transactions such as Sales invoices, paycheques, sales invoices & receipts, General Entries, and several other documents. For Sage 50 Reverse Invoice, you must have a service plan to reverse the pay cheques in the next fiscal year.

You will learn with the AccountsPro team how to void or add again an invoice in Sage 50. You can check how to Create Invoices in Sage 50, which helps you identify the basic setup.

Methods to Reverse Transactions in Sage 50

Learn how to reverse a transaction in Sage 50 with these efficient methods. Easily correct errors and undo entries to maintain accurate financial records. Simplify accounting tasks today!

Method 1: Reverse a PayCheque Transaction in a Single Step:

Here is the list of steps to reverse a paycheque:

1. Open Sage 50 and navigate to the Home page.
2. In the navigation pane, click Employees & Payroll.
3. In the Tasks pane, right-click the Paycheques icon.
4. From the menu, select Adjust Paycheque.
5. In the Adjust Paycheque dialog box, enter any information you want to include in the results list, such as the employee’s name or the pay period.
6. Click OK.
7. The results list will be sorted in ascending or descending order, depending on the sort option you selected in the View by List.
8. Click the Sort button to apply the sort.
9. Select the paycheck you want to reverse.
10. Click Select.
11. The transaction page will open.
12. In the Paycheque menu, select Void Paycheque.
13. A confirmation message will be displayed. Click Yes to void the paycheque.

Here are some additional tips:

1. In case you are not sure which paycheque you need to reverse, you can use the search bar to find it.
2. You can also reverse a paycheck by opening the Paycheques list and selecting the paycheck you want to reverse. Then, right-click the paycheck and select Void Paycheque from the menu.
3. If you have already processed the paycheck, you will need to create a reversing entry to reverse the payroll transactions.

The process of revering also helps you whenever the user wants to reverse Sage 50 Duplicate Invoices or even wants to reverse Sage 50 Disputed Invoices anytime.

Reverse the Other Transactions in Sage 50

1. Display the transaction you need to reverse.
2. If the transaction contains items with serial numbers, click on the Quantity & Serial Numbers column and enter the serial numbers.
3. Open the Transaction page.
4. Click on the Transaction menu and select Void.

Here are some additional tips:

1. If you are not sure which transaction you need to reverse, you can use the search bar to find it.
2. You can also reverse a transaction by selecting it in the transactions list and clicking on the Void button.
3. Once a transaction has been voided, it will no longer appear in the transactions list.

Method 2: How to Void Invoices Manually in Sage 50

Here are the steps to reverse the transaction manually:

Re-create the invoice with reversed values:

1. Search for the invoice you need to void.
2. Make note of the invoice details, including the quantity, cost, and project allocations or departments.
3. Generate a new transaction matching the original details but with the negative amount for quantities and costs.
4. Make sure the new transaction contains the same project allocations or departments as the original invoice.
5. Select the Transaction Details tab.
6. Click on the Transaction Type drop-down list and select Void Invoice.
7. Click on the Process button.

Here are some additional tips:

1. If you are not sure which invoice you need to void, you can use the search bar to find it.
2. You can also void an invoice by selecting it in the Invoices list and clicking on the Void Invoice button.
3. Once an invoice has been voided, it will no longer appear in the Invoices list.

Here is an example:

1. Let’s say you need to void an invoice for 10 widgets that cost $10 each. You would first search for the invoice in the Invoices list. Then, you would make note of the invoice details, including the quantity, cost, and project allocations or departments. Finally, you would generate a new transaction with the following details:
2. Quantity: -10
3. Cost: -$100
4. Project Allocations: Same as the original invoice
5. Departments: Same as the original invoice
6. Once you have entered all of the details, you would select the Transaction Details tab, click on the Transaction Type drop-down list, and select Void Invoice.
7. Finally, you would click on the Process button to void the invoice.

Do you want to know how to email an Invoice in Sage 50? Then you need to check out how to do it manually or automatically.

Method 3: Delete the Original Unpaid Invoice in Sage 50

If an invoice is unpaid, delete the purchase invoice or original invoice:

1. Open the Receipt page
2. Choose a payment mode
3. Click on the customer, then fill in a date with a receipt number
4. In the Amount Received column, select both the void and original invoices.
5. Next, press the tab button to make sure the total box amount is zero
6. Click on the Process button.

Here are some additional tips:

1. The receipt number should be unique.
2. The date should be the date that the voided invoice was created.
3. The payment method should be the same as the payment method used for the original invoice.
4. The amount received should be the same as the total amount of the voided invoice.

Find out solutions from Sage 50 Not Printing Invoices Error and types of method you can use for fixing the problem.

Method 4: Reverse an NSF Cheque in Sage 50

Here are the steps to reverse a customer’s NSF cheque:

1. Firstly, click on the Receipts option on the Home page
2. Click on the form field, then choose the customer for whom you require a reverse payment
3. In case there is a full invoice payment, then you will be required to show fully paid invoices by giving a click on the toolbar
4. Modify the field named paid by to cash, and then choose the chequing account to record the reversal record
5. Write the NSF in the receipt number front
6. Change the payment date to the date you reversed the deposit in the bank
7. Fill the amount in the box named Amount received, the NSF cheque amount as a negative number
8. Write the comments if you need to add
9. Hit the Process button

Conclusion

Hopefully, the write-up named Sage 50 reverse invoice is completed! In case of any doubts or need to learn more about adjusting transactions, recalculating taxes, and other queries, you can get connected with a professional team. Use a live chat, email address, or Sage 50 Contact Number to reach the team.

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