Auto-reversing journals for month end accruals

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  • Updated 5 months ago
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  • (Edited)
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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Mike

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Posted 5 months ago

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John Graetz

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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 

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Mike

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Ok, but can it post on 31/01/2018 and reverse on 1/02/2018?
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John Graetz

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Exactly that, Mike - one day later.

John L G