Reverse item Journal/Expense Journal in projects

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I would like to reverse the item journals & Expense journal which already posted in project management. what is the process for reversing the execution in projects

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Ludwig Reinhard Microsoft Employee on at

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Hello ogireddy,

Unfortunately, AX does not ship with an automatic reversal function for Transactions entered in project expense journals.

As a result you need to reverse the Transaction manually by entering another Journal with opposite signs.

Hope it helps,

Ludwig

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Community Member on at

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thanks Reinhard what about item journal.

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Ludwig Reinhard Microsoft Employee on at

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Hi ogireddy,

The project item journal has a copy functionality which allows you creating the very same journal again. If you open the copy and reverse the sign you can reach your aim even though it still requires a minor adjustment of the sign of your transaction.

Hope it helps,

Ludwig

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Community Member on at

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Hi Ludwig,

Can you tell me more about Project Item Journal? I would like to know more about it's functionality and how it differs from other Item Journals.

Hope to hear from you the soonest.

Best regards,
Edmond

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Ludwig Reinhard Microsoft Employee on at

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Hi Edmond,

As your question is not directly related to this one it would be great if you could post it in a new thread. Otherwise, things get messed up and confusing here.

Many thanks and best regards,

Ludwig

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ZvikaR 168 on at

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If the transaction has been posted into a T&M billable project, in addition to creating an equal and opposite transaction to negate the cost effect of the original transaction, you also need to adjust BOTH transactions, and make them non-chargeable, otherwise they would show up on the next project invoice proposal.

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ZvikaR 168 on at

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If the transaction has been posted into a T&M billable project, you need to make an additional step.

in addition to creating an equal and opposite transaction to negate the cost effect of the original transaction, you also need to adjust BOTH transactions, and make them non-chargeable, otherwise they would show up on the next project invoice proposal.

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ZvikaR 168 on at

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SURYANARAYANA OGIREDDY , if you got an answer to your question, please mark this thread as closed, for the benefit of everyone

thanks

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Tanmay 45 on at

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Hi Zvika, I performed the -negative quantity transaction on Project Item journal and it calculated huge accrued revenue amount based on incorrect sales price. We cancelled product receipt as well. does it has impact on it? how to fix it?

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ZvikaR 168 on at

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Since your question seems to be related to a completely separate transaction and configuration, I would suggest that you start this question as a separate thread on this forum.

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