You may want to reverse a journal (other than a provisional journal) at any time. Perhaps a journal you entered is found to be incorrect, or an accrual you entered was over-cautious and you need to clear it from your ledger. This option allows you to call up any existing journal and to write a complementary journal with all debit values changed to credits and all credit values changed to debits.
You must first specify which journal number is be reversed.
Enter the journal number you wish to reverse. You may use the <F4-Select> key to help identify the journal required. The system then searches for the journal and, if found, displays the details of the original journal except that debit values are shown as credits, and vice versa.
If this is not the journal you wanted, reply ‘No’ and you are returned to the menu. If this is the journal, however, reply ‘Yes’ and the journal is written to the file with a commentary appearing on the screen. When complete, press <Enter> to return to the menu.
Note that when the reversed journal is displayed the journal number shown is that for the reversal journal the system is going to create.
Article ID: 1032
Created On: Wed, Jun 27, 2012 at 2:23 PM
Last Updated On: Mon, Jun 19, 2023 at 7:17 PM
Online URL: https://kb.datafile.co.uk/article/reverse-journals-nominal-1032.html