Reverse a Journal Entry

Reverse journal entry postings without having to re-enter any of the data.

At least one Reverse Journal Entry Posting Group must exist before you can reverse a journal entry. To set one up, go to Financial > Setup > Posting Groups > Reverse Journal Entry Posting Group. For additional information, see Posting Group Setup.
Using the Create Reverse Journal Entry screen, you can post a reversal of an existing journal entry.
  1. Go to Financial > Setup > Create Reverse Journal Entry.
  2. In the Journal Sequence field, select the ellipses.
    A list of previously posted journal entries appears.
  3. Choose an entry which has not already been reversed.
  4. Select OK.
  5. (Optional) Edit the Reverse Posting Date, Memo, and Description fields.
  6. Select Save and Post Reverse Journal to post the reversing entry.
The Document Source is now Reverse Journal.