Reversing a Set of Related Journal or Ledger Entries

To reverse a set of related journal or ledger entries all at one time, use the Reverse Transaction form. You can reverse entries from the General Journal or a user-defined journal, and the entries must have a shared control number. They must all be part of the same business transaction.

  1. Open the appropriate form and search for the entries to reverse. You can use the Journal Entries, G/L Posted Transactions, or A/L Posted Transactions forms.
  2. Select an entry from the business transaction and then click Reverse Transaction. The Reverse Transaction form is displayed.
  3. Click Process. A set of reversing entries is automatically created in the originating journal, but the entries are not posted.
  4. Post the reversing entries. If necessary, you must also create and post corrected entries to replace the reversed entries.
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