Invoice Journal Does not Auto-reverse - For Month-end Accruals

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Posted on by Harshal Patwa

Hi,

We want to capture vendor account no. on our accrual entries. Hence, we plan to use the invoice journals with a new posting profile "ACCRUALS" going to accrued liabilities and the offset to an expense account.

Everything works well. However, being an accrual entry, we try to auto-reverse it - by selecting Reversing Entry - YES and providing Reverse date. But, the invoice journal is not auto-reversed for some reason.

Is this a system functionality gap or some configuration needs to be done?

Thanks!

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Harshal Patwa 30 on at

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RE: Invoice Journal Does not Auto-reverse - For Month-end Accruals

Yes, works well in GL. Thanks!

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Ramit Paul 22,795 Most Valuable Professional on at

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RE: Invoice Journal Does not Auto-reverse - For Month-end Accruals

Hi,

I think your observation is correct, I tried with the same process in GL module and it worked, however did not work in AP journal.

Other experts put some light into it for correct explanation.

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