There are times when you need to void an operating transaction such as a bounced check for a business expense. In Cosmolex, you want to make sure you have a record of this voided transaction.
To do this:
- Go to Accounting > highlight Operating or Business Account > Details
- Under Transactions tab > locate and click on the transaction that you want to void > Click Action > Void Transaction
In the void Transaction window:
Choose the void date
Memo - shows the original date of when the transaction was entered, the amount, and the ref# for the check.
Memo 2 - Put in a memo of why the transaction is being voided. (ex. Bounced check)
When ready, click Save.
You will then see a message saying:
- You will then see the transaction be moved from entered status to posted status as a void adjustment in