Undo a Stock Sale Transaction

You can undo a sale of stock from the record of the sold stock payment.

Note: If you undo a stock sale transaction and the revenue from the transaction is posted to the general ledger, the program automatically generates a reversal transaction. For information about the general ledger reversal distribution, refer to General Ledger Distributions.

Your organization may receive multiple shares, or units, or stock from a constituent in a single payment. Your organization can then sell these shares in multiple transactions. When you undo a sale of stock, you undo the most recent sale transaction associated with the stock payment. To undo an earlier stock sale transaction, you must first undo the transactions made since that transaction.

To undo a sale of stock, access the record of the payment and select Undo sell stock under Tasks. When a message appears to ask whether to undo the transaction, select Yes. You return to the payment record.