Canceling a journal

You can cancel a posted journal with an open period. Posted journals cannot be deleted.

  1. On the Journal List page, select a posted journal or journals to cancel.
  2. Click ANNUL JOURNAL.
  3. Select one of these options:
    Option Description
    Cancel and Keep This option is displayed only for journals that were posted in the current period. The journal is canceled. This is indicated with a check mark in the Cancelled column on the journal list.
    Reverse journal(s) or Reverse The journal is canceled and a reversal journal is created in the current period for each canceled journal. A reversal journal is identical to the original journal except for the debit and credit amounts that are interchanged in all journal lines. The Journal Summary column on the journal list shows information about journal cancellation and reversal journal creation.
  4. Click Proceed.
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