Posting a Reversing General Journals

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  • Updated 5 years ago
  • Answered

Hi,

As part of monthly accounts, we do accrual journals.

Is there the functionality to create a reversing journal in Accounts Hosted?

i.e. 31/7 GJ is reversed 1/8?

Thanks,

Susan

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Susan

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Posted 5 years ago

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Charles van Rotterdam

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There's a 'Reverse' button at the top of the journal window
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Sally McIntosh, Accredited Consultant, Accredited Partner

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Hi Susan,

Further to what Charles has said, when you enter the journal, save it, then go back to that journal, when you click the reverse button at the top of the screen it will reverse it on the next date.

The other thing you could do is memorise these transactions via the edit drop down menu > memorise journal. If it is the same amount you could do a standing order.

Kind regards,

Sally McIntosh (sally@samsolutions.com.au)

Hi Susan, further to the other replies, you don't have to close out of the journal then go back to it to reverse it. I've found that if I click on Reverse before I've saved the journal it then says hey you haven't saved the journal, do you want to save it, and then it saves it and reverses it at the same time. Much quicker! Kind regards,
Sue