Overview of Reversal Journal Entries

Overview:

In this article, we will review Reversal Journal Entries. For your convenience, the following information is provided.

A Reversal Journal Entry is an adjusting entry made during a new accounting period to cancel out an entry recorded in a closed period.

Important to know:

Reversal Journal Entries are not a default configuration.  To have them enabled, please request this directly from your BE CSM.

Quick Reference:

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