How to Cancel a Posted Transfer Entry

To allow canceling a posted Transfer Entry in Axanta, you need to enable "Allowing Cancelling Entries"  in the Miscellaneous Operations in the Journal setup.

Axanta CMS - a big picture
Note! The cancellation of Journal Entries are subject to the above setup corresponding to the Journal associate with the Journal Entry.
Axanta CMS - a big picture

In a Transfer Entry there are two Journals - Bank and Cash. We need to ensure that both the Journals are allowed to cancel entries as explained above.

As seen in the above image, you can click on the Cancel button to cancel this particular transfer entry.