Auto-reverse journal entries for the next period
You can set up an auto-reversing a journal entry for the next period on the
Enter Transactions
screen. For example, enter the original transaction in the 01/31/XXXX Posting Period. Once you advance the Posting Period to 02/29/XXX, a reversing entry will automatically appear.note
- Deleting the original journal entry automatically deletes the reversing entry.
- You can't directly delete a reversing entry. To remove it:
- Unmark theAuto-reverse next periodcheckbox and selectEnter, or
- Delete the original journal entry.
- You'll need to set up auto-reversing for each transaction individually. There's no option to reverse all journal entries automatically every period.
- You can't auto-reverse transactions with an AA99 reference. The system creates these transactions when:
- Manually entering amounts on theEnter Trial Balancescreen, or
- Importing a spreadsheet with balances.
