Auto-reversing journals for month end accruals

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?

Mike

460 Points

Posted 9 months ago

9 months ago

John Graetz

18,826 Points

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