Entering a Reversing Entry

Access the Journal Entry form.

Reverse

Select the Reverse check box for the system to automatically create a reversing entry for a transaction. The system creates reversing entries when you post the original transaction. For the reversing entry, it uses the first day or the last day of the next period for the general ledger date, based on the setting of a General Accounting constant.

After you post a journal entry, you cannot change it to a reversing journal entry.