Accrual journal entries should automatically reverse when the following month is opened – these include the standard Accrual entries as well as payroll accrual entries.
Follow the steps below to configure the AutoReversal process:
Step | Action | Illustration |
1 |
On the Home screen, click General Accounting and select Journals. | ![]() |
2 |
On the right of the Journals
screen, click the Task
![]() The AutoReverse Journals screen displays. |
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3 |
On the AutoReverse
Journals screen, enter the following optional information:
|
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4 |
Basic
Options:
In the Basic Options section, click the arrow to select the information for the following fields:
|
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5 |
When the screen is configured, click Submit at the top of the screen. | ![]() |
6 |
A Confirmation
window displays. Click OK.
If the Notify me was selected, you receive an emailed notification. |
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7 |
The AutoReverse
Journals screen closes and the Journals
Dashboard displays.
Scroll to the Process Monitor and click the Refresh ![]() |
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8 |
From Manage
Journals, search for the relevant batches to confirm the
reversals.
Note: Use the horizontal scroll bar to view the Reversal Status column. |
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9 |
Open the Journal Entry, then expand the Journal section. | ![]() |
Updated 1/7/2019 JM