ACH Reversals

ACH Universal - Advanced Topics > ACH Reversals

ACH Reversals

Overview

Once an entry has been introduced into the ACH system, it cannot be recalled, but an erroneous or duplicate entry can be reversed.

An originator can initiate the reversal within 5 banking days of the settlement date.

 
ACH Universal

ACH Universal will automatically enter the word 'REVERSAL' into the company entry description field of the batch header record.

Note: This feature is available on ACH Universal Pro edition and higher.

How do I enter Debits and Credits?
If your original (erroneous) entry was a debit, you should now enter it as a credit (and vice versa).  Marking the record as a reversal does not alter the debit/credit or the sign in any way.

Continue with Entering reversing transactions

Page url: http://www.treasurysoftware.com/TSHelp/index.html?ach_reversals2.htm