How do I correct an incorrect payment in a locked period in MYOB?

QUESTION

I’ve identified a payment which was duplicated in June which is now a locked period as all the BAS has been done, and end of year sent to the accountant. It was on the Bank Rec as an outstanding payment. Can the payment be reversed if it’s a different financial year?

ANSWER

CLICK on Set-UP -> Preferences -> Security and Select Transactions can’t be changed, They must be reversed System Wide.

Then find the transaction and reverse it as of today’s date (so any GST is properly recognised).

The correction does not occur in the same financial year, but it does eventually occur.