Reversing Cost Entries

A reversing entry is made to remove an erroneous transaction recorded against a matter that you cannot rectify using modify transaction option. This is subject to security settings. 

Step-by-step guide 

To reverse cost transactions: 

1. On the matter toolbar, click Costs. The cost transactions for the active matter display in latest transaction order. 
2. Click to select the transaction to reverse from the grid.
   You can select multiple transactions by holding the Ctrl key from your keyboard. 
3. Right-click and select the Reverse Transactions option from the context menu. LawMaster prompts a warning before committing the reverse transaction. 
4. Click Yes to reverse the selected cost entries. 

You can view the reversed cost entries by selecting All in the Search By field on this screen. The reversed cost transactions will display highlighted in Red colour in the grid. 

NOTES

• You can only reverse unbilled transactions. 
• You cannot reverse cash disbursements. 
• You cannot reverse transferred transactions because they already have a positive and negative cost transaction recorded against the matter. 
• Reversed transactions are excluded when a bill is raised