Reverse Entry (tfgld1295m000)

	Reverse Entry (tfgld1295m000) Use this session to create a new transaction document and to reverse already posted transactions. You must select the transaction to be reversed and specify the details of the reversal transaction. To create a new transaction document, on the New Document tab, select the Create New Document check box, and then specify the new document details. You can use the new document to correct the transaction you reverse. You can change the amounts on the new document in the Transactions (tfgld1101m000) session. LN assigns new batch numbers to the reversal document and the new document when you create one. You must finalize the new batches in the standard way. If you click Continue, LN creates the reversal transaction and the new transaction document if required, and prints a report of the reversed document and the new documents. Note You can select the posting periods. It can be necessary to post the new document in a different period than the original document. You can create reverse entries for finalized transactions for the following transaction types: Journal vouchers. Sales invoices that you entered in Financials. Sales credit notes that you entered in Financials. Purchase invoices that are not linked to purchase orders. Purchase invoices that are not yet matched or approved. Opening balances. Some cash transactions such as advanced payments/receipts, unallocated payments/receipts, and journal entries. Related topics Reverse entries Reverse Entry Original Document Transaction Category Category of Transaction Journal Vouchers Transactions between ledger accounts for which no related invoice documents exist and no open entries for business partners are created. Cash Used for all types of payments, such as incoming and outgoing payments, bank statements, and anticipated payments. Recurring/Reversing Journals Transactions between ledger accounts. The transactions can be entered several times (in different periods). The category can also be used to define adjustment transactions, for example, transactions that are not repeated but have to be reversed in a following period. Sales Invoices A transaction in this category creates an open entry in Accounts Receivable. Sales Credit Notes A transaction of this category creates a negative open entry in Accounts Receivable. Sales Corrections Used to make corrections to existing sales invoices and sales credit notes. Purchase Invoices A transaction of this category creates an open entry in Accounts Payable. Purchase Credit Notes A transaction in this category creates a negative open entry in Accounts Payable. Purchase Corrections Used to make corrections to existing purchase invoices and purchase credit notes. Opening Balance Used to enter or to correct the opening balance for a new fiscal year in the ledger and enter or correct the dimensions. Note The availability of any of the transaction categories may vary per session. Transaction Type The transaction type of the document code. Document Number The series part the document code. Line The line number part of the document code. Reversal Document Transaction Category The transaction category to be reversed. Transaction Type The transaction type to be reversed. Document Number The document number of the transaction to be reversed. BP's Invoice Number The identification of an invoice, which consists of the transaction-type code and the first free number in the series used for invoices for the order type. Document Date The transaction date in Financials. The document date is always registered in local time. Usually the document date is the same date as the transaction date, except if you manually enter a different transaction date in Financials or if the UTC time and the local time differ by a day. Transaction Entry Date The date you enter when you create the batch. Usually the transaction entry date is the current date. Only for backdated and antedated transactions, the transaction entry date differs from the current date. Internally, the transaction entry date is registered in local time. Financial period The fiscal year and period of the transaction to be reversed. Reporting Period The reporting year and period of the transaction to be reversed. Tax Period The tax year and period of the transaction to be reversed. Batch A group of financial transactions processed together. If you finalize a batch, all the transactions are processed, or if an error occurs, no transactions are processed. New Document Create New Document If this check box is selected, you can specify the details of a new document. Transaction Category A way to categorize transaction types, for example journal vouchers, recurring/reverse journals, purchase invoices, and sales invoices. The category defines how to process a transaction linked to the selected transaction type. Transaction Type A user-defined three-position code used to identify documents. The series linked to the transaction type give documents the sequence number. Document Number The document number of the new document. BP's Invoice Number The identification of an invoice, which consists of the transaction-type code and the first free number in the series used for invoices for the order type. Document Date The transaction date in Financials. The document date is always registered in local time. Usually the document date is the same date as the transaction date, except if you manually enter a different transaction date in Financials or if the UTC time and the local time differ by a day. Transaction Entry Date The date you enter when you create the batch. Usually the transaction entry date is the current date. Only for backdated and antedated transactions, the transaction entry date differs from the current date. Internally, the transaction entry date is registered in local time. Financial period The fiscal year and period. Reporting Period The reporting year and period. Tax Period The tax year and period. Batch A group of financial transactions processed together. If you finalize a batch, all the transactions are processed, or if an error occurs, no transactions are processed.