Reversals Overview
The Reversals API provides endpoints for managing transaction reversals in the financial system.
Key Concepts
Reversal Process
Reversals allow you to undo or reverse financial transactions:
- Transaction Correction: Reverse incorrectly posted transactions
- Error Resolution: Fix accounting errors and misapplied payments
- Audit Trail: Maintain complete history of original and reversed transactions
Reversal Management
- Original Transaction Link: Each reversal is linked to the original transaction
- Balance Adjustment: Reversals automatically adjust account balances
- Financial Integrity: Ensures accurate financial records