About the EM Initialize Reversals Form

Use this form (accessed by selecting File > Initialize Reversals in EM Cost Adjustments) to reverse accruals (transactions flagged for ‘Auto Reverse’ in EM Cost Adjustments).

Note: Transactions flagged for auto reversal must have an offset account assigned.

To reverse accruals, you must specify the originating month; that is, the month in which you created the original transactions. Then specify the reversal transaction date and click OK. The system will locate all transactions flagged for reversal within the specified month and prior months, and create reversing transactions for them. Once you have initialized reversals, you can make changes to items as necessary in EM Cost Adjustments and post the batch.

Note: You can only create reversal transactions through initialization; you cannot manually add transactions to the batch or call up an existing transaction.