Auto reverse a journal

TABLE OF CONTENTS

• Introduction
• Auto Reverse a Journal

Introduction

You can use the auto reverse function in the Journal Entries to automatically reverse a journal into the next accounting period, or any period you require. This function can be combined with the Period Override function to set up reversing accruals journals.

Auto Reverse a Journal

1. Go to Nominal>Journals>Journal Entries and enter your journal in the normal way.
2. Select the Reverse tab on the right of the screen.
3. Select the Auto Reverse option.
4. The reverse period will be by default the period after the period containing the journal transaction date that you entered. You can change this to any future, open period.
5. When you post the journal, the original journal will post at the transaction date and a second reversing journal will post as at the first day of the reverse period.

For more information on working with journals, please see the Engage Accounts Nominal Ledger guide Journals section.