Use this screen to create a reverse journal entry of a previously posted journal entry. After you specify the journal entry number, journal entry type, and the subperiod in which you originally posted the entry, the screen creates a journal entry in the subperiod selected. You can then edit and post this journal entry in the normal fashion.
You can use this screen to reverse all six types of journal entries: Adjusting, Recurring, Reversal Adjusting, Reversal Recurring, Project Transfer, and Multi-Job Allocations. This includes journal entries that you created through separate processes such as the Compute Cost of Goods Sold Entry and the Compute Multi-Job Allocations screens. The journal entry created is always an Adjusting type. When you create the journal entry, the system assigns it the next sequential journal entry number.
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Warning: Do not execute this screen while other users are in the Enter Journal Entries screen. Please have all users exit the Enter Journal Entries screen before executing this screen. |
Use the fields in this block to create a new parameter ID or to retrieve a previously saved parameter ID. A parameter ID represents a set of screen selection parameters. Once you save a parameter ID and its related parameters, you can retrieve them using Query.
You can use the retrieved parameters to produce reports and run processes more efficiently and consistently. Many users save a unique set of parameters for each different way they run a report or process. If you select a previously saved parameter ID or parameter description, the associated selection parameters automatically display as selection defaults. You can change any of the associated selection defaults as necessary.
Enter, or use Query to select, a parameter ID of up to 15 alphanumeric characters. You should choose characters for your parameter ID that help identify the type of selections you made in the screen, such as “PERIOD” or “QUARTERLY.”
When you save your record, all the selections made in the screen are stored with the parameter ID. Later, you can retrieve the parameter using Query.
You can use the parameter to produce reports and run processes more efficiently because you can select the parameter ID with its previously defined screen selections. Once the default selections display in the screen, you can override the defaults as necessary.
Enter, or use Query to select, a parameter description of up to 30 alphanumeric characters.
Use the fields in this block to specify the journal entry number, journal entry type, fiscal year, period, and subperiod to which you originally posted the entry.
Journal Entry
This non-editable field displays the selection range option.
Enter the journal entry number that you want to reverse.
Enter, or use the drop-down box to select, the type of journal entry that you want to reverse. Note that a journal entry number may have posted more than once - each time with a different type.
Subpd of Original JE
This non-editable field displays the selection range option.
Enter, or use Lookup to select, the fiscal year in which you originally posted the journal entry.
Period *
Enter, or use Lookup to select, the period in which you originally posted the journal entry.
Subpd *
Enter, or use Lookup to select, the subperiod in which you originally posted the journal entry. The entire date will display in the unnamed field to the right.
Subpd For New JE
This non-editable field displays the selection range option.
Enter, or use Lookup to select, the fiscal year in which you want the reverse entry to be entered.
Period *
Enter, or use Lookup to select, the period in which you want the reverse entry to be entered.
Enter, or use Lookup to select, the subperiod in which you want the reverse entry to be entered.
Select the Action button on the toolbar and then choose this option to create the reverse journal entry. When the process is completed, the system displays a message indicating the number of the journal entry that it created.
If your firm uses the Journal Entry Approval feature, select this check box to override all other approval settings and approve a journal entry which reverses a journal entry originally approved for posting. Leave this check box clear to apply the journal entry approval settings specified in the JE Approval Settings subtask of G/L Settings.
This check box is clear by default.
* A red asterisk denotes a required field.
This screen updates the JE_HDR (JE Header), JE_TRN (JE Transaction), JE_TRN_LAB_EMPL (JE Transaction Labor Employee), and the JE_TRN_LAB_VEND (JE Transaction Labor Vendor) tables.
