If a user needs to run reports from GL transactions and match them on the reference value in the journal, a manual reversal retains both the original reference and description values but an auto reversing journal retains only the original description value and replaces the reference value with REVERSING ENTRY making it difficult and time consuming to match the entries.
by: Len O. | over a year ago | Financial Management
Comments
There should be an option to used REVERSING ENTRY or the original reference - I can't stand the REVERSING ENTRY - whomever thought that one up is definitely not an accountant!!!!!!!
AGREED! The REVERSING ENTRY makes no sense. Please make a change for this!
Another feature to consider for the functionality is the ability to indicate whether to Create Batch or Create and Post Batch