Enter Reversing Entries

Owned by Stephen Juliano (Unlicensed)
Last updated: Jun 15, 2022 by Colleen Juliano
1 min read

Table of Contents

Overview

The reversing journal entry is designed to create the first half of the reversing journal entry. The reversing part (second half) is created in the next period automatically based on this entry. The reversing entry can be entered with a reference field that is user defined.

Detail

  • Date - Enter the date of the journal entry (if you hit enter, the current date will default)

  • J/E # - Enter the journal entry number ( the system will allow you to duplicate a journal entry number)

  • Reference – If you would like a reference to make this easier to find you can enter it here.

  • EEC – The EEC code for the Genderal Ledger account that will be used on this line of the reversing entry

  • Account # - the account number will default in from the EEC code chosen.

  • Sub-account – the sub account associated to the account can be entered here

  • Debits/Credits – enter the amounts for each account.


Note: After entering the amount of the Debits, Credits, Total and P/L Effect will default in automatically. 

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