Manually Reversing a Journal

A journal can be reversed in two ways. If the journal has not been processed then pressing the Reverse button will cause all debits to be made credits and vice versa.

If the journal has been processed then the Reverse button will cause the batch to be processed a second time only in reverse. This means that a second set of transactions will be posted from this journal for the same ledgers in the same periods only debits will be posted as credits and vice versa. These new transactions will be marked with a Reversal flag so as to identify the relationship on transaction lists etc.