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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Reversal of General Jo...
Microsoft Dynamics AX (Archived)
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Reversal of General Journal

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Posted on by Community Member

Hi All,
I am trying to learn regarding reversal of a genral journal entry, where i can see a "Reverse Entry" check box there, can you please share your experties on this regarding why do we have that and how does this work.
And how can we reverse an generael journal ?

Thanks in Advance.
Vinod Rao

*This post is locked for comments

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Vinod Rao,

    In general, if the reversal parameter in the GL parameters form is active you can reverse transactions.

    The reversal is, however, limited.

    That is, you regularly can reverse transactions that debit and credit ledger accounts.

    When you post with subledgers (bank, vendor, tax...) you cannot simply reverse the transaction but have to create and post a corrective journal voucher.

    Best regards,

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    Hi Ludwig,

    Many thanks for your prompt response.

    These are few AccRevenue Journals posted by me but here i see that reversing entry is diabled. 
    and in this case if i have to reverse this how can i do that ?
    reversing-entry.png

    Thanks and regards,
    vinod 

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi vinod,

    The parameter that you highlight is used differently.

    At the time you enter a voucher you can select the reversal entry parameter and specify a reversal date.

    What happens when you post the voucher is that an offset voucher is automatically created a tht date entered in the reversal date field.

    This function is often used when it comes to recording month end accruals.

    It has, however, nothing to do with the correction of vouchers that have been entered incorrectly and that need to be corrected.

    Best regards,

    Ludwig

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