Learn how to correct common transaction errors in MIP® without creating bigger problems. Review when to void, reverse, or use a correcting entry, how to protect the audit trail, and how to verify the fix. By the end of this session, participants will be able to: • Determine the appropriate correction method based on the type and status of a transaction. • Explain when to void, reverse, or create a correcting entry in MIP®. • Correct common coding errors after transactions have been posted. • Identify appropriate approaches for correcting AP invoices, checks, cash receipts, journal entries, and other common transactions. • Locate and review the original transaction before making a correction. • Recognize correction methods that may create additional reconciliation or reporting problems. • Explain how different correction methods affect the MIP® audit trail. • Use reports and transaction detail to verify that a correction produced the intended result. • Apply correction practices that preserve clear and understandable transaction history.