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Unposting Customer Prepayments

When you click the Unpost button, VisionCore will display a message asking if you wish to unpost the Customer Prepayment transaction.  If you choose to unpost the transaction, VisionCore will reverse the posted entries in your General Ledger with the data from the selected customer prepayment transaction.  This provides you with a way of making a correction on the posted transaction at a later time.  In essence, this backs out the transaction from your General Ledger like it was never there to begin with.  The difference is that the General Ledger will still keep a record of the posted and unposted transactions so that you have a type of audit trail showing the history of that transaction.

 

You can click the Recap button at the top of the form to display a preview form of what will be entered in your General Ledger when you unpost the customer prepayment.

 

Under certain circumstances you may not be able to unpost certain customer prepayment transactions after they have been posted due to a variety of reasons listed below.

Bullet PointIf you have closed your periods in the Fiscal Year Periods form, past the date of the transaction you are trying to Unpost,  VisionCore will not allow the transaction to be unposted.

Bullet PointThe Unpost feature is disabled in the Security form, Form Permission Tab.

Bullet PointOther transactions have been entered that directly affect the posted customer prepayment.  This could be a Posted Customer Payment transaction where you applied the selected customer prepayment toward existing transactions.

 

You will also notice that once you have unposted the customer prepayment form the Unpost button label will now read Post.  This gives you the option to Post the transaction again when you have finished making any changes to the transaction.