Configure AutoReversal

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 icon and select Run AutoReverse.
 
The AutoReverse Journals screen displays.

3

 On the AutoReverse Journals screen, enter the following optional information:
  • Notify me when process ends:  Click to be notified.
  • Submission Notes:  Enter any notes needed for the submission.

4

 Basic Options:
In the Basic Options section, click the arrow to select the information for the following fields:
  • Data Access Set
  • Ledger
  • Reversal Period
 

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.

7

 The AutoReverse Journals screen closes and the Journals Dashboard displays.
  
Scroll to the Process Monitor and click the Refresh to see the AutoReverse Journals process.

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.

9

 Open the Journal Entry, then expand the Journal section.

Updated 1/7/2019 JM