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.
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