Reverse Journal Entries

Use the Reverse Journal Entries to quickly and easily move General Ledger journal entries from one journal period to another period and does not require you to make manual entries. This can be handy if you inadvertently posted entries to the wrong period. Reverse Journal Entries will display all the journal entries for the period that you specify. You can select the entries to reverse by checking the rows for the desired entries in the list. Reversing entries will be created in that period and a copy of the entries will be created in the to/new period that you selected.

Notes:

There are 2 routines for reversing entries - Create Reversing Entries and Reverse Journal Entries. Create Reversing Entries you must manually create the reversing entries in the original period using the journal code, RE (Reversing Entry) and with Reverse Journal Entries you select the entries to reverse, and they are automatically removed from the period and then created in the new period that you select. To add Reverse Journal Entries to your menu, please contact NDS Support for assistance at support@ndsys.com.
It's important to note that if the journal entries were created by another NDS application like Fund Accounting (Direct Entries, Invoicing, Accounts Payable) and the detail contains the GL period you may want to follow the instructions for reversing or correcting entries using the originating routine. This will provide a complete audit trail.

Directions:

To open, go to Utilities and then click Reverse Journal Entries.

Reverse Journal Entries Window Example:

Reverse Journal Entries Prompts
From Period	At the From Period, select the period with the entries that need to be reversed and then click Search . The GL journal entries for the period will display as shown above.
Select Entries	Select the entries to reverse by clicking the left check box in the desired rows. To select multiple rows, click the rows using Ctrl in conjunction with the click to select multiple nonconsecutive rows or Shift in conjunction with the click to select multiple consecutive rows. When you have chosen all the desired rows, press [Space bar] to check the boxes. Note: Filters can also be used to limit the entries to display. This can assit you with locating the entries that need to be reversed. Keyboard shortcut: [ALT + r]
	Select the To Period to which the entries will be moved. The Create Entries button becomes active.
	Click Create Entries The checked entries will be validated to ensure that the debits and credits are in balance. You cannot reverse parts of entries. The From Period and To Period are also checked to make sure they aren't the same.
Confirm Entries to Move	If debits and credits equal and the periods are different, the following confirmation displays. Click Yes and the reversing entries will be created in the From Period and copies of the original entries will be created in the To Period. The entries will have the same values in all cases except the date that will be the date that the reversal took place and the entry #. After the entries are created, the From Period list will show the entries with reversing amounts. You can verify the entries were moved by selecting the period that entries were moved to as the From Period and reviewing the list.
Journal Entries After Reversal