How to cancel Journal Entries

In this article you will learn how to cancel a posted journal entry.

To cancel any posted Journal Entry you need to select the option “Allow cancelling Entries” from journals

Accounting>Configuration>Journals

Select the journal which you want to make available for cancelling proceed further

After selecting this option you can cancel any journal entry which is posted.

Ex:

Click on the cancel button.

The Journal entry is in unposted state.