Reverse a transfer transaction

Summary

Learn how to reverse a transfer transaction by returning funds to the original ledger and updating the transaction description.

If you’ve transferred funds to the wrong ledger or need to correct a transaction, you can reverse it by transferring the funds back to the original ledger. This ensures your records remain accurate and up to date.

To reverse a transfer transaction:

• Go to: Accounting > Trust > Ledgers
• Select the Ledger
• Click Transfer Funds

In the New Transfer modal:

• Select the date of the reversal
• Enter a Description for the reversal (e.g., “Reversal of incorrect transfer to Ledger B”)
• Search for related Invoice (If applicable)
• Enter the Amount to be reversed
• Select your name from the Issued By dropdown
• Select the ledger where the funds currently reside
• Select the original ledger where the funds should be returned
• Tick Draw down from funds that are held until release to include unreleased funds  (Optional)

• Click Transfer

After completing the reversal, you can view the updated transaction in the Trust Ledger.

What’s next?

Learn how to reverse a processed trust transaction.