Open the Commission Detail Page of the transaction that needs to be revised.

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Recalc
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The Close Date for the Transaction is of 1/31/2025.

It is suggested to lock the books on the last day of the month (e.g., January 31 for January). This ensures all transactions are recorded within the correct period.

The Closing Books tool in the BE Accounting Configuration Panel is set to January 31, 2025. This means the system will not allow any adjustments for transactions on or before the closed accounting period ending January 31, 2025.

Click on [this link](https://help.brokerageengine.com/support/solutions/articles/43000700568-how-to-set-up-the-configuration-panel) to review an article on the **BE Accounting Configuration Panel**.

Click the "Revoke" button to retrieve data from Accounting.

A prompt message will ask if a Reversal Journal Entry needs to be created for the Main Journal Entry and any Bill(s) for the Agents. The Reversal Post Date for the Main Journal Entry will default to today's date. It can be adjusted using the small calendar icon. Click the "OK" button.

Click on the "Accounting" tab to navigate to the BE Accounting interface.

The Journal Entries associated with the transaction will populate.

Review the Main Journal Entry and its Reversal

Click the "Action Button" for the Main Journal Entry.

HOME
BANKING
JOURNAL ENTRIES
JOURNAL ENTRY DETAIL
JOURNAL ENTRY DETAIL
Linked Commission
Journal Entries
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Click the "Action Button" for the Reversal Main Journal Entry.

The Reversal of the Main Journal Entry will display.

JOURNAL ENTRY
Journal Date
Journal No.
Tags
Advertisement Campaign
Recruiting Campaign
Training
AMorgen
	#	ACCOUNT	DEBITS	CREDITS	DESCRIPTION	NAME	CLASS	
	1	
2000 - Accounts Payable
Accounts Payable (A/P)
2020 - Accounts Payable - Rev Share
2010 - Commission Payable
2112 - Commissions Payable 2
2021 - Payroll Accounts Payable
12005 - 12001 Accounts Receivable 1
12001 - Accounts Receivable 1
1010 - Cash Register Pass Thru
1000 - Commissions Account
1009 - Company Ops Account
3000 - Credit Card
1008 - Escrow Account
1005 - Operating Account
10060 - Petty Cash
1600 - Plaid Checking
1605 - Plaid Saving
1999 - Title Settlement Clearing Account
3211 - COgs
Cost of Goods Sold
10120 - new credit card
452111 - equity
320021 - Opening balance equity1
Owner's Investment
Retained Earnings
66625 - Advertising & Marketing
6050 - Advertising - Other
6000 - ADVERTISING EXPENSES
6070 - Advertising Management
5555 - Agent Interest Expense
6560 - Agent Reimbursement
5150 - Allowances
5512 - Annual MLS Dues
Ask My Accountant
Bank Charges & Fees
5540 - Bank Fees & Maintenance
5545 - Bounce Check Fee
5820 - Broker Services
6520 - Brokerage Engine
5805 - Business Travel
Car & Truck
5008 - Charity Fee
6550 - CINC
6530 - Cloze
5070 - Commission Advance
5040 - Commission Expense - Commercial
5030 - Commission Expense - Lease
5050 - Commission Expense - Mentor
5020 - Commission Expense - Referral Fees
5010 - Commission Expense - Residential
5080 - Commission Expense - Rev Share
5060 - Commission Overpayment
5689 - Commission Transaction Coordinator
5530 - Company Liability Insurance
Contractors
6540 - Docusign
5830 - Donations
5520 - E&O Insurance
5521 - E&O Insurance - Recovery
Expense · JLS Foundation Fee
6040 - Gift Expenses
Insurance
Interest Paid
Job Supplies
Legal & Professional Services
5810 - Listing Expenses
5789 - Meals & Entertainment
5560 - Meals for Meetings
5800 - Misc. Operating Expenses
5510 - MLS & Office Fee
5511 - MLS & Tech Fee - Recovery
6001 - Newspaper
5610 - Office Equipment
5550 - Office Supplies
Office Supplies & 

Click the "Action Button" for the Bill Reversal Journal Entry.

The Reversal Journal Entry of the Bill will display.

HOME
BANKING
JOURNAL ENTRIES
JOURNAL ENTRY DETAIL
JOURNAL ENTRY DETAIL
Linked Transactions
Journal Entries
Toggle Dropdown

Click the "Search Vendor" field and type the name of the Agent.

From the Vendor profile, click on the "Transactions" option.

Click the "Search Memo" field and type the address for the transaction to narrow the results.

Click on the "Action Button" for the auto generated reversal bill function.

The system will automatically link the Reversed Bill with the Reversal Bill Journal Entry.

Bills and Reversals operate independently of the Bill Payment process.

Overview of Reversal Journal Entries

Revoke and Reverse Transaction

Verify Reversal Journal Entries

Review the Main Journal Entry and its Reversal

Review the Reversal of the Bill

Review the Bill Reversal Function