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Reversing Journal Entries

Journal entries can be reversed by batches only. Reversing a batch of journal entries negates ALL of the transactions entered in that batch. If you need to reverse only some of the journal entries entered in a single batch, you will need to make a reversing journal entry through the Enter Journal Entry Module step.
1. From the General Ledger Module, choose the Action "Ribbon" and the Reverse Journal Entries Module step. 
2. The G/L Journal Entry Reversal form will be displayed.
3. Enter the beginning and ending dates that the batch of journal entries you wish to reverse falls into. Then select the appropriate batch number from the scroll box. 
4. Choose the [OK] button.  The G/L Journal Entries Reversals form will display.
5. The journal entries from the selected batch will be displayed on the screen. If this is the batch you want to reverse, then press the [Reverse] button on the toolbar.
6. You will be asked to confirm that you want to reverse this batch of journal entries.
7. Enter the reference number you want to put on the reversal entries, if any. Also select the period you want to post the reversing entries to from the ones listed in the scroll box.
8. Then press [OK].
9. The system will create a batch of reversing journal entries and then return to the main Module.