Understanding Reversal Entries

Reversing journal entries are used most often for periodic accruals. When you enter reversing journal entries, you mark the accrual journal entries to be reversed. After you post the entries, the system creates reversing entries to the first day or last day of the next fiscal period, depending on the setting of a General Accounting constant.

The system creates reversal records in the F0911 table with the same values as the original, except a reversed amount and a different GL (reversal) date. The posted code for the reversal record is removed for the new reversal entry so that you can post the entries to the Account Balances table (F0902) or have the General Ledger Post program post them.