The system will allow the reversal of any posting that has not been allocated to another posting.
Follow the steps below to reverse a posted financial transaction:
From the Main Menu open General Postings or General Postings (Interactive) program.
Select the original transaction type and tick the Reversal? option box.
Select New or hit the enter key.
Enter the Matter number and the Posting Allocations screen will open.
Select the transaction to be reversed and double-click on that transaction line.
Click the blue disc to save then click POST.
N.B. Transaction types that cannot be reversed are IBT (Interbank Transfer), J (Journal), TCC (Transfer Client to Client) , TMM (Transfer Disbs to Disb), TOC (Office to Client) and TRF (Transfer Practice).
If you need to reverse one of the above transactions that don't allow reversal you have to do a posting the opposite way/contra to correct the incorrect posting.
The setting to allow 'Items that have been reconciled can be reversed?' is updated in Posting Maintenance / Options tab / Reversals section.