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In order to allow me to focus on Consulting (click here) and Courses (click here), I continue to review all posts here in the Forums, but, in general, I'm only personally responding to posts that I mark as #AcumaticaTnT (click here). For Questions (click here), others may respond, or you can post over at Community.Acumatica.com (click here).
Sincerely,
Tim Rodman

#AcumaticaTnT Auto Reversing Journal Entries

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Last Post by Jesus Cruz 1 month ago
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Tim Rodman
Posts: 2969
 Tim Rodman
Admin
Topic starter
June 15, 2018 11:50 pm
(@timrodman)
Member
Joined: 8 years ago

For anyone wondering about automatically reversing journal entries in Acumatica, there is a checkbox called Auto Reversing on the Journal Transactions (GL301000) screen. If you check it like this:

 

Then you will see that Acumatica automatically creates the reversing entry when you release and post the journal entry. You can see the reversing entry by clicking on the number next to Reversing Batches like this:

 

When you drill into the reversing entry, you can see that it gets dated on the first day of the period following the original journal entry.

Also, the Reversing Entry checkbox gets checked which tells you that this was an automatically generated journal entry.

And, finally, the Orig. Batch Number field stores a link back to the journal entry that generated the reversing entry which you can click on to drill back into that original journal entry.

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Tim Rodman
Posts: 2969
 Tim Rodman
Admin
Topic starter
June 15, 2018 11:57 pm
(@timrodman)
Member
Joined: 8 years ago

Note that in my scenario above, I had the Generate Reversing Entries option on the General Ledger Preferences (GL102000) screen set to On Post. If it was set to On Period Closing then the reversing entry wouldn't get created until you closed the period.

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Danita Nixon
Posts: 13
 Danita Nixon
June 16, 2018 11:13 am
(@danita-nixon)
Member
Joined: 5 years ago

Good stuff!! I can see me using this option for the end of year accruals.

Thanks for sharing.

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Tim Rodman reacted
Jesus Cruz
Posts: 2
 Jesus Cruz
February 22, 2023 9:23 am
(@jesus-cruz)
Member
Joined: 2 years ago

Is there a way to create a reversing entry with an specific date to reverse. For example: I create a journal transaction today and I would like to auto reverse it six months later. 

We got a customer that do that regularly. 

 

Jesus

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