Here are the steps on how to create Reversal Journals:
- Click General Journal from General Ledger Activities menu to open Search General Journal.
- Click New toolbar button to open blank General Journal screen.
- 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.
- Add accounts to the grid, enter debit or credit amount and other information needed.
- Once the transaction is balanced, click Post button.
- Posting Detail screen will open showing the statuses of the General and Reversal Journal.
- To open the actual Reversal Journal, select the record and click Open action button. Here, Debit and Credit are reversed.
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