Do you frequently post reversing batches in prior periods?

Module: General Ledger

Why this feature is cool!

Gives you the option to generate a reversing batch automatically in the next period.

What does it look like?

• Set the "Automatic Reversing Entry" option in GL setup to "Generate When Releasing"
• In the Journal Transaction screen, enter your batch and set it Auto Reversing.  Not the original Batch Number in the screen shot below.

 (click to enlarge)

• In the reversed batch that is created automatically, the orginal batch number is noted for your reference.  See screen shot below.

(click to enlarge)

• To tell if a batch was created from another Auto-Reversing batch, you will see the following effidence.

• The OrigBatNbr field = originating batch number
• GL Edit Report - Auto Rev field = Yes prior to original batch being reverse; Auto Rev field = No after original batch reversed

 (click to enlarge)