Auto-reversing journals for month end accruals

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Mike_9336004
Mike_9336004 Member Posts: 21 ✭
edited July 2020 in Accounts Hosted
Hi, I am using Reckon Hosted and am wondering why there is no auto reversing function for journals?  Every month i have to find each prior month accrual and click the reverse button - surely I am missing something as this is a pretty basic feature that could save a lot of time - Is there really not an auto reversing journal in Reckon Hosted?

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  • John Graetz
    John Graetz Member Posts: 1,651 ✭✭✭
    edited July 2020
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    Hi Mike.  Yes, there is an automatic reversing function.  Before you complete the journal by hitting the Save button, click on the Reverse button and both transactions will then occur at the same time, after you have been prompted to save the first transaction.

    John L G 

  • Mike_9336004
    Mike_9336004 Member Posts: 21 ✭
    edited February 2018
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    Ok, but can it post on 31/01/2018 and reverse on 1/02/2018?
  • John Graetz
    John Graetz Member Posts: 1,651 ✭✭✭
    edited February 2018
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    Exactly that, Mike - one day later.

    John L G

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