Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Reverse journal entry ...
Microsoft Dynamics AX (Archived)

Reverse journal entry with project account

(0) ShareShare
ReportReport
Posted on by Apix 305

Hi Everybody, 

In the general ledger > Journal Entries > General Journal, I'm afraid that we can only reverse journal entry with a account type "Ledger". Account type such as project are not allowed to be reverse. 

To reverse my journal entry I go to my transaction, for example I go through account payable > Vendors > All Vendors, I clic on Vendor > Transactions > Transaction and I select the journal entries that i need to reverse and clic reverse. 

Does anyone can help regarding this issue? 

Best regards, 

*This post is locked for comments

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Reverse journal entry with project account

    Hi PICCIN AYMERIC,

    Before making an adjustment, have a look at MS Flow/logic apps.

    If you can retrieve the records through an entity you might be able to avoid a system modification ;-)

    Not everything can be done out of the box in MS Flow but creating journals based on already recorded transactions is usually possible.

    Best regards,

    Ludwig

  • Apix Profile Picture
    Apix 305 on at
    RE: Reverse journal entry with project account

    Thanks you Ludwig, that will not help me in this case but the functionality is very useful.

    I'll move the process to use ledger account rather than project account.

    PS : Great blog ;)

  • Suggested answer
    Mahmoud Hakim Profile Picture
    Mahmoud Hakim 17,887 on at
    RE: Reverse journal entry with project account

    For more details about project adjustment.You can check this link

    kirankumarbommana.wordpress.com/.../adjusting-project-transactions-in-ax-2012

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Reverse journal entry with project account

    Hi,

    It can - among others - be accessed through this button and be used for making corrections, Splitting Transactions, etc. that have been posted on projects

    projadj.png

    Probably just give it a try in a demo environment.

    Best regards,

    Ludwig

  • Apix Profile Picture
    Apix 305 on at
    RE: Reverse journal entry with project account

    Hi Ludwig,

    I'm not, how can I use it?

    Regards,

    Aymeric.

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Reverse journal entry with project account

    HI PICCIN AYMERIC,

    Are you familiar with the project adjustment functionality?

    Can this one help?

    Best regards,

    Ludwig

  • Apix Profile Picture
    Apix 305 on at
    RE: Reverse journal entry with project account

    Thanks for your reply. It's a bad news, my point was to use the reversing function to create a custom who will match automatically a ledger account in order to view the open transaction in my balance. As I use only project account in my process, I think i'm trapped because if I do it manually i cannot do my custom.

  • Suggested answer
    Sten Baumgarten Profile Picture
    Sten Baumgarten 10 on at
    RE: Reverse journal entry with project account

    Hi Apix

    You are right that you can only automatically reverse transactions with account type "Ledger". If you try to reverse other type of transactions, they are reversed in General ledger but not in sub module (e.g. AR, AP, Project). 

    The only method the reverse these transactions are to reverse them in a similar way as they were created. Normally you can do that either from a general journal or from journals in the relevant sub module. 

    Kind regards

    Sten

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Reverse journal entry with project account

    Hi PICCIN AYMERIC,

    Going to

    account payable > Vendors > All Vendors, I clic on Vendor >

    Transactions > Transaction and I select the journal entries that i need to reverse and clic reverse

    Is the right approach.

    Alternatively, you can manually reverse the transaction by creating a new Journal entry.

    Best regards,

    Ludwig

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

December Spotlight Star - Muhammad Affan

Congratulations to a top community star!

Top 10 leaders for November!

Congratulations to our November super stars!

Tips for Writing Effective Suggested Answers

Best practices for providing successful forum answers ✍️

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,280 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 230,214 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans