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Search Indirect Tax Support Help and Support.

This article applies to:

Product: ONESOURCE Indirect Tax,ONESOURCE Sales and Use Tax Compliance
Subject: Journal entries

Reverse Journal records

In the Journal
, you can reverse a record, or exemption amount. When you reverse a record or an element of a record, the original record's kept intact. When you reverse a record, an additional adjustment record is added that's a reversal of the original record.

When you reverse an exemption, 2 adjustment records are added. The first adjustment record added is the reversal of the original record. The second adjustment record added is the same as the original record but without the exemption that was reversed.

Reverse Journal records

In the Journal
, select Global
, USA
, or Canada
to filter your view. If you select USA or Canada, next select a state or province.

Select More
and then Reverse
.

Complete the fields and then select Reverse
.

Reverse exemptions

It's possible to reverse only the exemption portion of the record.

Select the record and then Exemption
.

Select More
and then Reverse
.

Working with multiple records

You can reverse or reclass records individually or in bulk.

You can modify multiple records by selecting multiple records.

note

You can only adjust a single record. It isn't possible to adjust multiple records at once.