Reverse journal entry with project account

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Posted on by Apix

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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,

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Ludwig Reinhard Microsoft Employee on at

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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

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Sten Baumgarten 12 on at

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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

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Apix 307 on at

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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.

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Ludwig Reinhard Microsoft Employee on at

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HI PICCIN AYMERIC,

Are you familiar with the project adjustment functionality?

Can this one help?

Best regards,

Ludwig

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Apix 307 on at

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Hi Ludwig,

I'm not, how can I use it?

Regards,

Aymeric.

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Ludwig Reinhard Microsoft Employee on at

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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

Probably just give it a try in a demo environment.

Best regards,

Ludwig

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Mahmoud Hakim 17,887 on at

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

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

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Apix 307 on at

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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 ;)

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Ludwig Reinhard Microsoft Employee on at

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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

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