(POL) Reverse a vendor transaction [AX 2012]

Updated: November 23, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

You can reverse a vendor transaction as correction to a vendor invoice or other vendor transaction. Before you post a reversal of a vendor transaction, set up parameters that define how the reversal is posted to the General ledger.


You cannot reverse transactions that are posted in a closed fiscal year.


This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

  1. Click Accounts payable > Setup > Accounts payable parameters.

  2. In the Accounts receivable parameters form, click the Invoice link.

  3. To enable credit notes as corrections to vendor invoices, select the Credit note as correction check box.

  4. Click the Number sequences link. In the Reference field, locate the Correction note row, and then in the Number sequence code field, select the number sequence to use for vendor corrections.

  5. Press CTRL+S or close the form.

Use this procedure to reverse a vendor transaction.

  1. Click Accounts payable > Common > Vendors > All vendors. On the All vendors list page, on the Action Pane, click New to create a vendor account, or open an existing vendor record.

  2. Click Transactions to open the Vendor transactions form.

  3. In the Vendors form, on the Action Pane, on the Vendor tab, click Transactions.

  4. In the Vendor transactions form, on the Overview tab, select the transaction to reverse.

  5. On the top menu, click Reverse transaction.

  6. In the Transaction reversal form, in the Reversal posting date field, select the date on which to post the transaction reversal.

  7. Enter a reason code and an optional reason comment for the reversal.


    Your organization might require a reason code for a transaction reversal.

  8. Click OK to complete the transaction.

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