Creating a Reversing Journal

1. Open the relevant journal that has a status of "In Progress" or "Complete". For more information, see Viewing Journal Lists.
2. Click Reverse. If you can't see this button, contact your administrator.
3. Do one of the following:
• Accept the default reversal period. This is one period after the period specified in the source journal.
• Amend the reversal period as required. The reversal period must be an open period An accounting period to which a user can save documents and post transactions. and must not be earlier than the original journal period. The Period field is Mandatory.
4.  [Optional] Edit the journal date, reference, and description fields. The journal date should not be earlier than the original journal date. The default is the first day of the reversal period.
5. The reversing journal inherits the status of the source journal, therefore:
   • If the source journal's status is "In Progress", click Save to create the reversing journal.
   • If the source journal's status is "Complete", click Save & Post to create the reversing journal and immediately post it.
   This creates a new journal of type "Reversing Journal" using the same information as the original, but with the opposite amount for each line item. The reversing journal also inherits any existing currency override values from the source journal.
6. If the source journal is still "In Progress", click Post on its detail page. The source journal's status is now "Complete".
7. If the reversing journal is still "In Progress", click Post on its detail page. The reversing journal's status is now "Complete".

You can also automate the creation and posting process of a reversing journal by selecting the Auto-Reverse checkbox on the relevant source journal record. A reversing journal is automatically created and posted when you post the source journal. You are notified by email and by a Salesforce notification of the success or failure of the reverse process.

1. Create and validate, but do not save, a new journal as described in Creating a Standard Journal. This is called the source journal.
2. Once all line items on the source journal have been completed, click Reverse. This opens the reversing journal page.
3. Do one of the following:
   • Accept the default reversal period (one period after the period specified on the source journal).
   • Amend the reversal period as required. The reversal period must be an open period An accounting period to which a user can save documents and post transactions..
4. Click Reverse to create both the source and reversing journals. Both journals are now "In Progress".
5. Click Post on the source journal's detail page. The source journal's status is now "Complete".
6. Click Post on the reversing journal's detail page. The reversing journal's status is now "Complete".

1. Locate and retrieve the journal that you want to reverse. This journal can be In Progress or Complete. For more information, see Viewing Journal Lists.
2. Click Reverse/Cancel on the button bar. If you can't see this button, contact your administrator.
3. Leave the Reverse option selected.
4. Do one of the following:
   • Accept the default reversal period (one period after the period specified on the source journal).
   • Amend the reversal period as required. The reversal period must be an open period An accounting period to which a user can save documents and post transactions..
5. [Optional] Edit the journal date, reference and description fields.
6. The reversing journal inherits the status of the source journal, therefore:
   • If the source journal's status is "In Progress", click Save to create the reversing journal.
   • If the source journal's status is "Complete", click Save & Post to create the reversing journal and immediately post it.
   This creates a new journal of type "Reversing Journal" using the same information as the original, but with the opposite amount for each line item.
7. If the source journal is still "In Progress", click Post on its detail page. The source journal's status is now "Complete".
8. If the reversing journal is still "In Progress", click Post on its detail page. The reversing journal's status is now "Complete".