Journals and corrections
VexLedger never edits or deletes a posted entry. If something is wrong, you reverse it. The reversal is linked to the original, so the full story stays in the books.
Journals
Section titled “Journals”- Company journals (Accounting › Company journals) post entries to the legal entity’s ledger. Add a Journal memo, the lines, and optionally the brand the activity belongs to.
- Brand journal (Accounting › Brand journal) lists the entries posted in the brand you are working in and lets you reverse them.
Every journal must balance: total debits equal total credits.
Reverse an entry
Section titled “Reverse an entry”- Find the entry and select Reverse entry.
- Choose the Reversal date and enter the Reason for the correction.
- Confirm. A reversing entry is posted, linked to the original. The original shows Reversed and the new one shows Reversal.
Limits
Section titled “Limits”- Only balanced, unreconciled entries can be reversed.
- If an invoice or bill has payments against it, you see Reverse payments first: reverse those before reversing the document.
- Entries in a closed period are restricted. See Closing a period.
Audit history
Section titled “Audit history”The Audit events section lists every accounting change that has been recorded, with who made it and when. It is append-only: entries are never removed.