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I want to reverse the posted General Ledger journal. Is there any default functionality exists in AX 2012 to do this ?
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Hi,
There is no such functionality to reverse complete journal. However, you can reverse posted vouchers. To do that, select the ledger and click on Transaction. Select the desired transaction and click on reverse transaction button. Please note that not all transaction can be reversed using Reverse transaction button.
Pranav...
Thanks pranav. What is the limitation here? what kind of transactions cannot be reversed? pl clarify
Hi Fayaz,
The limitation are like you cannot reverse posted payment through wire, check payment can't be reversed from vendor transaction. If taxes has been posted, than that ledger entry can't be reversed.
From my lst post, i meant that some transaction needs to be reversed manually. For example, Wire transactions are not reversed and it gives error message. End user asks that should be reversed but logically wire transactions are never reversed in real scenarios.
So AX is designed like that. Let me know if you have more queries.
Pranav,
Is there any additional approvals you can set on transaction reversals? We have strict approval processes in place for posting to the GL and it seems the transaction reversal has no available approval. Is this true?
Hi Tyler,
The original question was around two yesrs old. It is then better to create a new thread. Then you can also mark your question as answered.
To give an answer on your question: On a transaction reversal there is no workflow in standard AX. As the transaction reversal creates new transactions you might also consider to not use the reversal but create a new journal. Then you have the workflow. Side effect is that the reversal tracing is not available then.
Can i know how to reverse the posted transactions of customer / vendor / bank / FA from journals ?
Hi Lally,
You can find the answer in the first reply of this thread.
First find the Journal you want to reverse
Go to the lines, then click on Inquiry > Voucher
Get the Journal Number of the Journal that it wrote to the Ledger, in this case, it is ‘AA00000001’
Go and create a new General Journal
Go to Lines on that Journal and Click on Functions>Load Ledger Transactions
In the Selection Criterial make sure you choose ‘Same new Voucher Number for all Vouchers’ and click on ‘Invert Sign’. Then click Select an put the Journal Number in the General Journal Selection field.
When you click ok, it will bring in all the lines of the Journal, except it will Invert the Sign so you can post the reversing entry.
I did a GL entry to post $100 in to bank account (US OPER) offset by error account (9998) but i wanted to offset by Owners equity. So I went ahead and did a GL reversal as Jason suggested. it worked great. However, the bank account (under cash and bank) still show the balance as $100. When I looked at the trial balance, the ledger account for US OPER shows correctly. Is there something I am missing?
Hi All,
Could anyone please confirm whether will there be invoice lines created once after reversing a transaction.
For example, once after reversing a voucher and navigating to the 'original document' of the reversed transaction and clicking the show button, it has only the invoice header and not the lines. Please let me know if there are any suggestions.
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