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    misbelle007's Avatar
    misbelle007 Posts: 1, Reputation: 1
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    #1

    Nov 27, 2006, 10:31 PM
    Unposting journal entry and Closing Period
    Hi,

    1. Is unposting journal entries a common practice? What's the danger and how can we limit it?

    2. How can I prevent inconsistencies if my journal entries come from a transaction source, say Point of Sales (POS). The transaction data itself is kept at the POS and if say someone pays using a Company Account, the Account Receivable department also gets the journal entry. Now I have 3 departments that holds data for the same transaction, namely POS, AR, and General Ledger.

    If I do unposting, wouldn't it open to possibilities of the data being changed? Wouldn't it be inconsistent with the original transaction at the POS and also the passed value that the AR people get?

    Sorry if my question sounds confusing. Thanks in advance for your help!

    John
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Nov 29, 2006, 07:28 PM
    Un-posting Journal Entries could lead to a manipulation of the system.

    It might be better to not allow undoing, but rather just add new journal entries to correct the ones that have already been entered.
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