How to reverse a posted GEN journal

Owned by Knowledge Assistant
Jan 28, 2021
Description of Issue

A posted GEN journal is incorrect and needs to be reversed.

User needs to know how to use the Journal Reversal program.

Context

Journal Reversal

Cause

Incorrect original journal entry

Resolution

A posted GEN journal can be reversed using the Journal Reversal program.  (This requires the General Ledger permission of 'Perform journal reversals.')

Financials> General Ledger Menu> Journal Entry/History> Journal Reversal

1. In the Journal Reversal program, click Search.

2. Enter the Original Journal criteria.

3. Accept. 

4. Click Reverse.

5. Enter the Effective Date.

6. Accept. 

7. Click Output Post.

8. Select Save and Yes.

A GRV reversal journal number will show.  This journal will have debits and credits swapped from the original journal.


Additional Information