Reversing Office Matter to Matter Transfers
Overview
This process reverses a previously posted Office Matter-to-Matter Transfer.
Ensure you have Office Ledger reversal permissions before proceeding.Step-by-Step Guide
| Step | Action / Instructions |
|---|---|
| 1 – Select Matter | Navigate to Matters → select the relevant Matter. |
| 2 – Open Office Ledger | Click Matter Actions → Office Ledger. |
| 3 – Access Ledger Entries | Select Office Cash Account from the dropdown → click Ledger Entries. |
| 4 – Locate Transfer Transaction | Find the relevant Matter-to-Matter Transfer → click the Ledger icon to view details. |
| 5 – Initiate Reversal | Click the Reverse button at the bottom right of the screen. |
| 6 – Set Reversal Date | The Reversal Date defaults to the original transaction date. Amend if necessary by typing or selecting from the calendar. |
| 7 – Enter Reason | Provide a brief reason for the reversal in the field. |
| 8 – Complete Reversal | Click Reverse to post the reversal transaction. |
Always verify the transaction details before reversal to ensure accurate accounting records.Quick Reference
- Select Matter → Go to Matters screen → select the relevant Matter.
- Open Office Ledger → Matter Actions → Office Ledger.
- Ledger Entries → Choose Office Cash Account → Ledger Entries.
- Locate Transfer → Find the transfer → click Ledger icon.
- Reverse → Click Reverse.
- Set Date → Confirm or edit Reversal Date.
- Reason → Enter reason for reversal.
- Complete → Click Reverse to post.
Best Practices & Notes
- Audit Trail: All reversals are automatically logged for compliance.
- Backdating: Verify the reversal date aligns with financial reporting periods.
- Permissions: Only users with Office Ledger reversal rights can perform this action.
- Review: After reversal, check the Office Ledger balance to ensure accuracy.