Financials current processing - reversals

Reversals – Financials > Current processing > Reversals (CPTEXT).

All of the journals that have been flagged to reverse with a reversal date are created with this process. The journals will only be posted once regardless of how many times the process is run.

The reversal details are set in Financials > Journals > Journal entry.

Simply change the reversing from “No” to “To Reverse” and enter a reversing date.

Then to create the reversing entry navigate to Financials > Current Processing > Reversals.

Select the company and sites to be generated or tick to include all sites, the all document types, journal types, journals and users are usually left checked.

In the start and end date enter the start and end date of the period.

In the generation type, leave the radio button Debit-Credit checked to create a transaction of the opposite entry for the reversal rather than creating a negative entry in the original debit/credit columns.

When ready click OK and a log file will be produced showing the journal selected and the number of the journal that has been created for the reversal.