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Hi everyone,
I was doing a month end revaluation of my accounts, but realized that I had one more entry to add to the month before the reval, so I backed it out, but I used the wrong reverse date (it was one day too early) and now everything is a mess because it put the credit in the wrong month, and you can't do a backout of a backout. Can anyone give a solution to my problem? Thanks
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If you backed out a JE with trx date 12/31 and reversing date at 12/31 instead of 1/1, it will create the reverse entry for the original JE in same date 12/31(this will look like a backed out of the backed out JE). So, this won't affect your General Ledger(Debit & Credit will be same).
To resolve this, create a new Journal Entry with the trx date 12/31 and correct reversing date as 1/1.
Hope this helps!!!
We tried to do that, but then it affects the multicurrency module. Essentiall we did the following:
The original entry we attempted to back out was a multicurrency journal entry:
Dr 10,000 on 12/31 with reversing Cr on 1/1
When we backed it out the trx date was again 12/31, but the reversing date was mistakenly left at 12/31 instead of 1/1.
Now, we don't know how to correct the problem. Any other ideas?
Thank you very much.
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