Accounts

Add a reversed journal

You can create reversed journals in the Journals tab for the current period. When the period is advanced, the reversed journals appear in the next period with the same transactions, but the amounts will appear as reversed in the Trial Balance tab and in the Journals tab.
Follow these steps to add reversed journals.
  1. Select the Journals tab.
  2. Add a journal in the Journal Details section and select the
    Reverse journal next period
     switch.
  3. Apply a debit amount for the first account and then a credit amount for the second account.
  4. Select Save.
  5. Select the Settings tab and advance the period for the contact.
  6. Select the Trial Balance tab to view the reversing journals. (Notice that the first account now appears as a credit and the second account appears as a debit.)
note
  • If the original journal is deleted, the reversed journal is automatically deleted as well.
  • You can delete a reversed journal, but if you move back a period and then advance it again, the reversed journal will reappear for the original account transactions.
  • There is not an option to have all journals reverse out every period. It must be done on a journal-by-journal basis.

This article applies to:

  • Product: Onvio
  • Audiences: Staff