Reversing journal entries

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Posted on by olegvi

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If we need to book a journal entry with reversal in the next period, aside from using Recurring template, is there a simple way to do that?

Thank you,

Oleg.

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Teddy Herryanto (Th... 14,284 Super User 2025 Season 2 on at

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You can create the journal manually.

Recurring journal is already quite easy. Not sure what kind of easier way you are expecting.

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olegvi 809 on at

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Thank you, Teddy. In other systems there is a functionality of tagging the entry as reversal during the entry. No need to enter another reversal transaction or working with the template. Just tag the check mark and specify the date of the reversal. All on the same screen.

Cheers,

Oleg.

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Teddy Herryanto (Th... 14,284 Super User 2025 Season 2 on at

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There is nothing like that in the standard.

You can either customize it or submit the idea to Microsoft.

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olegvi 809 on at

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Thank you for validating, Teddy.

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girish.patnekar 20 on at

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[quote user="olegvi"]
If we need to book a journal entry with reversal in the next period, aside from using Recurring template, is there a simple way to do that?

Thank you,

Oleg.
[/quote]
Hello Oleg,

Hope you have got the solution. Adding a standard function "Recurring General Journals" to post reversing accruals.

I have used Reversing Variable since I do not want same amount to repeat each month. In case, that is your case, you may use RF Recurring Fixed.

Recurring Frequency 1D+1M will create an unposted same journal for last day of each month

Hope this helps.

Girish Patnekar

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