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Louiseb91's avatar
Louiseb91
6 months ago

Reversal of debit transactions

Hi all,    In my bank transactions, an EFTPOS machine has put 1 pre-authorisation transaction, then secondly reversed the transaction (reversal of debit) and finally the third transaction is for th...
Louiseb91's avatar
Louiseb91

Hi Jem, 

 

Thanks again. I do understand the allocation of transactions. How would I treat the debit and credit "reversal" transactions in this instance? For example, in the screenshot I have attached. 

 

Thanks,

Louise 

Earl_HD's avatar
Earl_HD
MYOB Moderator
5 months ago

Hi Louiseb91,

Thanks for your response. For an accurate answer, I recommend reaching out to an accountant. They will be able to provide detailed guidance on how to treat the debit and credit "reversal" transactions in this instance.


Regards,
Earl

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