About Reversing and Refunding

  • Sales, Payments, Purchases and Expenses can all be marked as Reversed
  • Reversed means that they will no longer affect float/bank balance values, stock counts, or be included in Easy Reports
  • Refunded Sales are marked reversed, but their payments are not - a refund expense is created to record the refunded amount as a separate transaction to the payment.  See more about the different kind of refund here.
  • Reversed Purchases are marked reversed, as are their associated expenses for predefined reporting purposes.
Credits

As credits don't represent a real money in out, no expense is crearted when reversing them

Reversing functions which create expenses and payments automatically are provided for convenience.  If this functionality does not fit your needs or usage scenario, you may delete and modify your payments and expenses as you see fit.