Transaction Processing › Work-in-Progress › Work-in-progress Adjustments › Reverse Posted Work-in-progress Transactions

Reverse Posted Work-in-progress Transactions

A reversal cancels the original posted transaction before it is billed to a company. If multi-currency is enabled, the currency amounts on the WIP reversal are equal to those on the original transaction.

To create a WIP reversal

1. Select Create WIP Adjustment from the Financial Management menu.

   The Create WIP Adjustment page appears.

2. Search for posted WIP transactions.

   You must specify a date range in the From Date and To Date.

3. Click Filter.

   Transactions that match the criteria appear.

4. Select the check box next to each transaction you want to reverse, and click Reverse.

   The transaction is ready for WIP approval.