Ideas for the ADAM DMS

Automatic Reversal for Journal Entries

System to automatically reverse entries (marked for automatic reversal) the next month.  Mainly used for accruals.    

  • Guest
  • Apr 20 2018
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  • Admin
    John Cowan commented
    April 25, 2018 15:11

    Are you asking for an Ending Date to be setup when creating an entry for JR 83 Auto Entries?

    Peggy Matthews

  • Guest commented
    April 25, 2018 16:07

    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?

  • Admin
    John Cowan commented
    April 25, 2018 19:38

    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.

    Peggy Matthews

  • Guest commented
    April 25, 2018 20:02

    Yes, but the Reverse Journal Function is only for current month and post ahead journals, not for archived journals.