Knowing how to correct mistakes in Sage 50 Accounts can save you time. This guide takes you through how to edit, delete, reverse or unallocate a transaction.
NOTE: Sage 50 Accounts v26.2 and above – When you apply a search that only returns one result, you can disable the Delete or Edit option. Instead of using a search or filter, use the Find option.
How to edit a transaction in Sage 50 Accounts
- Click Transactions, then select the transaction you want to amend and click Edit.
- Edit the transaction details as required.
- To edit the item line details, in Item Line Details select the item to edit then click Edit.
- To edit a payment allocation reference, in Payment Allocations, select the required item and click Edit, then amend the Payment Ref and click Close.
- Click Close then click Save then click Yes
How to delete a transaction
- Click Transactions then select the transaction you want to delete and click Delete.
- Click Delete then click Yes.
NOTES:
- If the transaction is VAT reconciled a message appears ‘Do you wish to reverse this transaction?’ select Yes.
- If the transaction is bank reconciled, a message appears advising of this, select Yes. When you re-enter the transaction, you must also bank reconcile the new transaction again.
- Depending on the status of the transaction, it is either deleted or reversed.
What if I can’t edit or delete a transaction?
On some transactions, there are restrictions, which can be why you’re unable to edit a transaction, for example, automatic transactions, older journal entries, VAT reconciled transactions, foreign currency transactions etc.
Instead, you must post a manual correction to reverse the transaction and, if required, repost them correctly.
