TABLE OF CONTENTS
Description
SoftLedger automates the process when a journal entry that is created needs to be subsequently reversed at a future date. Often common with accrued revenue or prepaid expenses.
How To
Creating a Journal Entry in the User Interface (UI)
Go to Financial > Journals
Click on +NEW
Input Journal Detail, Change Entry Type from Standard to Reversing
Input Transaction Date, Posted Date, and Reversing Date
The Reversing date will become the Posted Date of the reversing journal line item the system creates.
The Transaction date will be the same for all journal lines in this record
See Journal View once the Journal is created
NOTE: When viewing in the journal report, you can filter by Field Reversing Line, to see which journal lines are the reversal and note the different posted date.
Creating a Journal Entry via Bulk Journal Import Template
Input all Journal Details
Update Column K to reversing
Input posted date for the desired reversing journal lines in Column L
