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Step 4: Press on Edit and then navigate to the transaction window and press on Reverse. Now, choose the journal entry that you wish to reverse. Step 3: Press on the option, View Register that is right underneath the Action column.
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Now press on the related account for the transactions. Step 2: Now, navigate to the tab for QuickBooks Online Chart of Accounts. Step 1: Firstly, you need to start your QuickBooks Online and then press on the icon for Settings. Here are the steps to reverse the journal entry in QuickBooks for you to checkout. How to Reverse a Journal Entry in QuickBooks?Ä«etween two different accounting periods, if you need to rectify or rightly assign the transactions or you wish to rectify a mistake but do not wish to remove the original entry, the primary method is to reverse the journal entry.
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