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The effect of corrections

The transactions on your audit trail are made up of critical and non-critical fields. The postings generated by the Corrections option depend upon the status of the transaction you are correcting and whether the field you are amending is classed as critical or non-critical.

Critical fields

Account, Bank, Date, N/C (Nominal Code), Net, T/C (tax code) and Tax.

Note: You cannot edit critical fields on journals. If you post foreign currency transactions you can only amend the Exchange rate in Corrections.

Non-critical fields

Details, Department, Reference, Ex. Ref., Bank Reconciled flag, Bank Rec. Date and Exchange rate.

If you amend a critical field, the Corrections option then:

Raises a new deleted transaction with the original details.
Amends the relevant information on the original transaction.

If you amend a critical field on a VAT reconciled transaction, a transaction is posted to reverse the effect of the original transaction and another transaction is generated with the new details.

If you amend a non-critical field, the Corrections option makes the changes to the original transaction and no new transaction is created.

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