Reverse Posted Pool and Revenue Journals

Use this utility to reverse posted pool journals and posted revenue journals.

Pools compute the amount to post based on the account balances in the general ledger. In addition, the amount of revenue to post is also based on the account balances in the general ledger. Because of this, you cannot use this utility to cross fiscal years. The Reverse From fiscal year must be the same as the Post To fiscal year.

Note: You cannot modify a reverse revenue journal entry, but you can delete it.

Use this utility whenever you need to reverse any cost pools and revenue that you have posted.