Auto
Reversal Feature is used to reverse the journals automatically.
Generally we can use this function for month end adjustments.
Click on the “Ctr+F11”
Click on the “Next”
Generally we can use this function for month end adjustments.
Step 1:-Define the Auto-Reversal Criteria Set
Navigation:-Setup>Journal>Auto-Reversal
Enter the Criteria Set and below
details.
Enter the criteria set name and then
save the data.
Click on the “Yes”
After save the all categories will
display by default.
Find the category which you want set for
auto-Reversal.
Click on F11 and entered XYZ%
Select the category for Auto-reversal “XYZ Adjustments”
Select the Reversal Period is “Next Non-Adjusting”
Reversal Date is “First Day”
Check the “Auto Reverse”
Check the “Auto-Post Reversal”
Save and close the form.
Step 2:-Assign the Auto Reversal Criteria Set to Primary Ledger
Navigation:-Setup>Financials>Accounting Setup Manager>Accounting Setup
Click on the “Go”
Click on the “Update Accounting Options”
Click on the “Update” XYZ Primary Ledger
Click on the “Next”
Assign the
Journal Reversal Criteria Set. Click on the . select from list of values.
After select
the click on the “Finish”
Step 3:-Create one journal
post it.
Navigation:-Journal>Enter
Enter the
Journal name
Select the category
from list of values
Enter the
debit & credit lines
Click on the “Post” journal
Step 4:-Run the “Program - Automatic Reversal”
Navigation:-View>Request>Submit
New Request”
Click on the “ok”
Click on the “submit”
Step 5:-Query the auto
reversal in Nov-13 Month.
Navigation:-Journal
>Enter
Enter the
Nov-13 Month.
Click on the “Find”
Auto Reversal
Journal has been in month of Nov-13.
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