System to automatically reverse entries (marked for automatic reversal) the next month. Mainly used for accruals.
Are you asking for an Ending Date to be setup when creating an entry for JR 83 Auto Entries?
No. For example, I post an estimated accrual journal entry for the last week of the month payroll which will be paid with actual numbers the first week of the next month. I have to reverse my estimated journal entry when actual payroll is posted. Does Adam provide to set an automatic reversal for that accrual journal entry?
No there is not an automatic reversal but there is a Reverse Journal function that has been put into Accounting that will do what you would like with just a few clicks.
Yes, but the Reverse Journal Function is only for current month and post ahead journals, not for archived journals.
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