How to Setup a Recurring Journal to Create Reversal Journal

Here are the steps on how to create Reversal Journals from Recurring Journals: 

1. Click Recurring Journal from General Ledger > Maintenance menu to open Search Recurring Journal. 
2. Click New toolbar button to open blank Recurring Journal screen. 
3. Fill in required fields. 
   
4. Select Reverse Date by clicking combo box button to open mini calendar screen or manually enter reverse date. This will be the posting date of your Reversal Journal. 
   
5. Add accounts to the grid, enter debit or credit amount and other information needed.
   
6. Save record by clicking Save button.
   
7. Create journal via Reminder List screen. (see How to Create Recurring Journal ). 
8. Reverse Date entered on the Recurring Journal is also displayed. 
   
9. Click Post button and view the created the Reversal Journal. Reverse Date of the Recurring Journal is now the Post Date.