Correct Transaction Overview

Use Correct Transaction to reverse the effect of approved transactions without disturbing the integrity of report figures. Keep in mind, using this option to reverse a transaction does not remove the original entry. Rather, it allows an additional transaction to offset an incorrect entry. Investigate the need for each correcting entry prior to entering it into the system. To research, be sure to utilize the Open Items Inquiry tab and the Transactions Inquiry tab to determine the exact information required to reverse the original entry. Pay special attention to the entering the correct income code and GL period for the correcting transaction.