Use this subtask of the Manage Journal Entries screen to specify when you want Costpoint to reverse the journal entry.
This subtask is available if you select the
Reversing check box for the journal entry on the main screen.
Contents
| Field | Description |
|---|
| Fiscal Year, Period, Subperiod, JE Number
|
Use these fields to indicate the fiscal year, period, and subperiod in which Costpoint should reverse the journal entry. If you select the
Reversing option on the Manage Journal Entries screen, you must specify this information before you can save the journal entry.
The default fiscal year/period/subperiod combination differs depending on whether the journal entry is an adjusting or recurring entry:
- If you enter the cycle on the Recurring subtask before you display the Reversing subtask, Costpoint retrieves the next fiscal year, period, and subperiod from the Cycle Rule table and displays them in their proper fields. If you have not determined a cycle for the recurring entry or if the next period is not in the Cycle Rule table, these fields are blank.
- If you make entries in the
Fiscal Year,
Period, and
Subperiod fields on the Reversing subtask and then make changes on the Recurring subtask, Costpoint does not automatically update these fields on the Reversing subtask. If they need to be changed, you must enter them yourself.
- If the journal entry is an adjusting entry, Costpoint displays the next open period and the first open subperiod in the proper fields on this subtask. You can change those default entries.
- When you post the original journal entry to the general ledger, Costpoint creates the reversing entry and assigns it a journal entry number. Reversals have a separate numbering sequence from recurring and adjusting journal entries. Costpoint assigns the next sequential reversing entry number for the applicable period. After Costpoint assigns the number, you can view it in the
JE Number field on this subtask.
|