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Unable to reverse Fixed assets journal (Open balances)

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Posted on by Durga Rao P

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Hello Pioneers,

I need to reverse posted Fixed asset journals, means Open balances. Here, the issue is we have a large amount of lines in each journal posted in 30-Aug-2024.

I am trying to reverse the FA journal by going FA>Journal entries > FA journal > "Reverse entire journal" then immediately there is warning message says "A batch process will be used due to the number of lines being reversed" then I have initiated reversal using batch processing but system failed to reverse journals & throws an error as below.

Voucher FAJCA000002 in journal JBN000001945 could not be reversed (attached screen shot).

Kindly advise me on this, If I am missing any configuration prior to this.

Regards,

Durgarao.

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Dynamics 365 Finance

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Frank Hamelly | MVP... 46,625 Super User 2025 Season 2 on at

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You have to reverse Fixed asset transactions within the Fixed asset book. It can't be done using standard Journal reversal process.

Unfortunately, there's no way to reverse FA book transactions in bulk. They must be done one at a time, per each FA.

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Durga Rao P 103 on at

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Dear Frank Hamelly,

Thank you so much for your valuable response!!

If I understood correctly, FA journal reversal can't be done in bulk using batch, as it must be done one at a time for each Asset in FA book manually is it?

If Yes - could you pls confirm me what If I create and post new FA journal with negative balances, like If it is Acquisition journal then I put negative value in Debit field or positive value in Credit field.. similarly for Depreciation journal I put negative value in Credit side or positive value in Debit side.. will it work or not.

Kindly confirm me If this approach works for my issue since I must deal with large number of lines (above 5k lines)

Appreciate your valuable response.

Regards,

Durgarao.

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Bharath jain 1,443 Super User 2025 Season 2 on at

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Hi Durga,

Since the volume is large, use acquisition adjustment and depreciation adjustment journal. Acquisition will be on debit and acquisition adjustment will be on credit in this way you can net off.

Regards,

Bharath Jain

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Frank Hamelly | MVP... 46,625 Super User 2025 Season 2 on at

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Theoretically, yes, Durga, that should work. I would test it on one asset before proceeding with all of them. And apply Bharath's suggestion as well.

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Durga Rao P 103 on at

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Hi Bharath & Frank,

Thank you so much for your valuable inputs, let me test in lower environment and come back with results.

Regards,

Durgarao.

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