Creating a Reversing Journal

If you want a journal A document that enables you to make corrections or adjustments to your existing accounting data. to automatically reverse itself, you can create and post a reversing journal Type of journal that automatically reverses itself in a subsequent period.. This is a journal that automatically reverses itself in a subsequent period.

Note: You cannot reverse:

• A journal that has already been reversed.
• A canceling journal.
• The source journal that was used to create the reversing journal.

To create a reversing journal: