Our company has several allocations that are run during each month end. One of those allocations needs to be reversed the first of the following month. So all of the other allocations are run through Period End Allocation Selection but this one must be run by going to GL General Journal and selecting to COPY FROM an allocation so that we can put in a reversing date. It would be much simpler to do all of these in one place.
by: Lori D. | over a year ago | Financial Management
Comments
Cant really even reverse through COPY FROM because this feature is BROKEN! at least when you reach large numbers. Now our option is to run the period end allocation update it. Then export the entry to excel and reimport into GJ Entry to reverse. It works but shouldn't need to find all these work arounds.
My comment is to just have the ability to reverse a journal entry period. Lots of times you realize you made an entry by mistake and need to reverse it and rather than having to re-enter the whole thing, it would be nice to be able to select the original and then just press a button that creates a reversing entry.