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Trial Balance

Add a reversed entry

You can create reversed entries in the
Adjustments
 tab for the current period. When the period is advanced, the reversed entries appear in the next period with the same distributions, but the amounts will appear as reversed in the
Trial Balance
 tab and in the
Adjustments
 tab.
Follow these steps to add reversed journal entries.
  1. Select the
    Adjustments
     tab.
  2. Add an entry in the
    Adjustment Details
     section and select
    Reverse adjustment next period
    .
  3. Apply a debit amount for the 1st account and then a credit amount for the 2nd 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 journal entries. Notice that the 1st account now appears as a credit and the 2nd account appears as a debit.
note
  • If the original journal entry is deleted, the reversed entry is automatically deleted as well.
  • You can delete a reversed entry, but if you move back a period and then advance it again, the reversed entry will reappear for the original account distributions.
  • There is not an option to have all journal entries reverse out every period. It must be done on a transaction-by-transaction basis.

This article applies to:

  • PRODUCT: Onvio
  • Subject: Trial balance
  • Audiences: Staff