How to Reverse an Entry in Quickbooks

Save

If you have made an entry in Quickbooks and need to reverse it, you may be able to. As of January 2010, there are two editions of Quickbooks that allows a user to reverse an entry. If you use QuickBooks Enterprise Solutions or QuickBooks Premier Accountant, you can reverse any journal entry that has been entered into the program. Reversing an entry in Quickbooks can be done quickly and easily and will keep all your accounts in balance.

Things You'll Need

  • QuickBooks Enterprise Solutions or QuickBooks Premier Accountant
  • Launch Quickbooks on your computer. As the program loads, the screen will show you which version, or edition, of Quickbooks you have installed. Look to see if it is the QuickBooks Enterprise Solutions or QuickBooks Premier Accountant edition.

  • Upgrade your version of Quickbooks if you are not running the Enterprise Solutions or Premier Accountant edition. Upgrade by clicking the “Help” menu and then “Buy” or by visiting a local computer software store and purchasing an upgrade.

  • Open the journal entry that you want to reverse. Click on the “Reverse” button on the screen. If the entry has been changed in any way you will get a message asking if you want to save the changes. Click “Yes” to save changes and complete the journal entry reversal.

References

  • Photo Credit Pixland/Pixland/Getty Images
Promoted By Zergnet

Comments

Resources

You May Also Like

  • How to Reverse Entries Completed in an Accounting Cycle

    Reversing journal entries in the accounting cycle is generally done to ensure accuracy with the general ledger account balances; however, it can...

  • How to Delete Entries in QuickBooks

    QuickBooks is an accounting software program geared toward small-business owners. Intuit, the maker of QuickBooks, created the software to be simple and...

  • How to Enter Income in Quickbooks

    Quickbooks is a professional accounting software program developed by Intuit to help businesses manage their finances. Quickbooks allows users to set up...

  • Accounting: Reversing Entries

    Journal entries represent detailed transactions that record financial information into a company's accounting system. Reversing entries are just one type of journal...

Related Searches

Check It Out

Geek Vs Geek: Robot battles, hoverboard drag race, and more

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!