What does it mean to revert a payment in Quickbooks?

reverting a payment is similar to reversing a check that’s been cashed. You want to do this if you believe that the payment was incorrectly applied to the wrong account. Typically, you’ll want to do this if you’re working with vendor invoices, as you do not want to credit the wrong account.

What does it mean to reverse a payment in Quickbooks Desktop?

To reverse a payment in quickbooks Desktop, in the list of transactions, click the payment you want to change. Then, at the very top of the list, click Revert. You will be presented with a list of the reasons the payment was reverted. You can then click the “Edit” button to view the details of the transaction and click the “Save” button to make the change.

What does it mean to revert payments in Quickbooks Desktop?

When you “revert” a payment, you are reversing the entry in your QuickBooks records. This means that any transactions you made to pay that customer are no longer in your records. If you made a credit card payment or check to a customer, you would need to make a manual entry to change the credit card or check amount back to the original amount.

What does it mean to revert a payment in QB?

Reverting a payment in QuickBooks means cancelling the payment made against an account in your QB account. There are many reasons why you might want to do this. The main reason is that you have mistakenly made a payment against the wrong account. Reverting the payment will show that you have actually made a payment to the right account.

What does it mean to reverse payments in QB desktop?

To reverse a payment in QB desktop, you need to: first go to the Edit menu. Then you search for the Revert action. Now, you will be asked to enter the payment details, such as the payment date, payer name, amount, etc. After that, click the Revert action. Your payment will now be reversed.