Here are the steps on how to create Reversal Journals:

  1. Click General Journal from General Ledger menu to open Search General Journal.
  2. Click New toolbar button to open blank General Journal screen.

  3. 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.

    Note

    Reverse Date can only be after the posted date.

  4. Add accounts to the grid, enter debit or credit amount and other information needed.
  5. Once the transaction is balanced, click Post button. 
  6. Posting Detail screen will open showing the statuses of the General and Reversal Journals.
    To open the actual Reversal Journal, select the record and click Open action button. Here, Debit and Credit are reversed.

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