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Reversing a General Ledger Journal Entry
1. On the G/L Inquiry Screen, press F9.
2. On the Journal Header Screen, enter Y in the last field, and press Enter.
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The following processes occur:
When the journal is closed (posted), the G/L system creates a reversing journal for the following month. The reversing journal is an exact copy of the entered journal except that all credits become debits and vice versa.
When reversing a journal entry, the system automatically creates the reversal entry in the next month, the automatically created journal now references the original journal number in its total or description. For example, journal 100 may automatically create journal 105 in the next month Journal 105 will be entitled Reversing JRL#100.
The automatically created reversing journal is put into batch 00 for the following month. Batch 00 includes all automatically created journals.
Printing Batch Status Report (GL 4)
Entering Recurring Journal Entries (GL 5)
Searching the Chart of Accounts (GL 7)
How to Create AR Journal Entries for General Ledger
