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Sincerely,
Tim Rodman
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.
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.
Good stuff!! I can see me using this option for the end of year accruals.
Thanks for sharing.
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