GL Entry Reverse A Journal Report overview

General Ledger > Entry > GLE Reports > GLER

Function acronym: GLER

Use this report to reverse a journal. You can reverse only General Ledger transactions from a journal. If you specify a journal number associated with Accounts Receivable, Accounts Payable, or Check Reconciliation, only General Ledger transactions within those journals are reversed. Accounts Receivable, Accounts Payable, and Check Reconciliation transactions are not reversed.

This function reverses the transactions made in GL Transaction Entry with offsetting transactions. Offsetting transactions are the exact opposite of the original transaction. The original transactions remain in the transaction file along with the offsetting transactions. This function adjusts the period balances in GL Account Setup by the amount of each reversed transaction.

A new journal is created that details the reversed transactions. In addition, SA Journal Assignment Setup is updated with a new journal record. You can print the journal through GL Entry Journal Print Report.

You can copy the reversed transactions in their original form to a batch file. You can then modify the original transactions and re-post.

Note: Generate a GL Trial Balance Report before and after you reverse a journal to verify that the period balances are maintained properly. Print journals through GL Entry Journal Print Report before you reverse them.