How to reverse a Journal Entry?

How to reverse a Journal Entry?

Step 1: Login to ADDA -->> Admin -->> General Ledger -->> Journal Entries.

Step 2: Click on "Old Journal Entries"
Note: Old journal entries will be shown on screen from the start date of the current financial year to date.

Step 3: Select the date range and click on the "Fetch Report" button if you are not able to see the Journal Entry on-screen which needs to reverse.

Step 4: Decide which entry needs to reverse.

Step 5: Click on the "Reverse" button of the respective journal entry row.

Step 6: Respond "OK" to "Are you sure, you want to reverse the journal entry?"

Step 7: Journal Entry has been reversed.
Note: Now the reversed entry disappeared in the list of journal entries already showing.

Step 8: Double-Check:
A. Select the checkbox for "Show Reversals"
B. The reversed entry will be shown on the list.

Note: If you have noticed, you will not find the "Reverse" button in the "Actions" column for reversed entry row. 


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