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How to Reverse a Refund

Reverse a refund that was created in error when it meets the conditions below. The reversal applies to the whole refund.

Required LRM Access: Owner, Admin, Finance Admin and Finance User

Before you begin

Check that the refund:

  • Has a status of Processed.
  • Has not been processed through Stripe or Paygate.

You cannot reverse part of a refund. The reversal date must be on or after the refund date and later than the Accounting Period Lockdown date.

1

Reverse a Refund
  1. Navigate to LRM > Finance > Refunds
  2. Find and open the refund you need to reverse
  3. From the Action menu, click Reverse Refund
  4. Enter a Reversal Date that meets the date requirements above. Enter a reason if needed.
  5. Click Save