CNA L&P - Journal Entry: How to Reverse or Copy

Scenario #1: You know you want to reverse before you enter it.

 >Journal Entry>New Journal Entry

  • Enter your journal entry
  • Check the box “Insert reversing JE” when creating JE.
  • Click Submit
  • The journal entry will reverse the first day of the next month. It will have a link to the original journal entry.

Scenario #2: You have made a JE in a prior period you decide after the fact that you want to reverse it, but will only need to do this one time. 

To create a copy of the original journal entry and reverse the debits and credits: go to

>Journal Entry>Find Journal Entry

  • Click GO next to the journal entry you want to reverse.
  • Click MEMORIZE

  • Enter Frequency as monthly, Next Date is the date of the reversing entry, Final date is the end of month date you are reversing the entry.
  • To create the reversing journal entry go to: >Memorized>Create from Memorized Transactions
  • Find the Memorized transaction you created, click SUBMIT.
  • Go to Journal Entries, Find Journal Entry, click GO
  • Edit the Journal Entry, click SUBMIT
  • The journal entry will never be able to create another journal entry
  • If you don’t want this journal entry on your Memorized Journal Entry Transactions List, go to >Memorized>Memorized Journal Entry Transactions, find the journal entry, check DELETE, click SUBMIT

 

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