Yes, scenario could be a journal is posted and reversed... if the reversal journal is not yet posted, you can delete the same and then system will allow the original journal to be reversed again
Because, actual journals might be entered in next period and hence accruals needs to be reversed in next period.... If actual journals are not entered, then again accrual journals will be entered in the last day of next period and this continues....
You can select either next period or next non adjusting period depending upon your requirement... If you select Next period, then reversal entries will be created in next period (irrespective of whether its adjusting period or not) and if you select Next non adjusting period, reversal entries will be created in next non adjustment period
Hi Thanks you sharing this video I have one query In next month reversal is there any option to fixed the posting date in the next month. Let say in you example we have posted accrual entry in the Feb period and we want all reversal on March period with posting date as 1st March even though I will run the auto reversal program on 6th March
If we select next period, then accrual journals will be reversed with GL date of first day of next month... So, in your example, yes, accrual reversal journals will be created with GL date of March 1st
Arvind sir please let me knw when can i get the reversal journal in secondary during journal reverse in primary Or posting the reversal journal in primary then only reversal journal will create in secondary ledger
Hi. is there an option to default the exchange rate type by default as corporate in the GL journal entry form. We are going to upload corporate rates and found option to default it in purchasing side and also payables. but couldnt find an option in GK.
superb !.... I really loved it !
Thanks for your feedback
Thanks...really helpful when it mattered!
Thanks
Great Job and very helpful - DO you by chance have another presentation were you can reverse more than one journal at a time manually?
Yes, scenario could be a journal is posted and reversed... if the reversal journal is not yet posted, you can delete the same and then system will allow the original journal to be reversed again
Nice video as always. Can you create a video on Revenue contigency?
Sure. I will make a note and add it to the list of topics to be covered
Great Bro! I need some training on some topics, Want to get in touch with you. Please let me know.
You can contact me on my facebook page:-
facebook.com/CAArvindVaraganti/
Thanka Arvind nice video easy to understand 👍👍. I have one question!! Why accural journal are reversed in next open period!! Please help me
Because, actual journals might be entered in next period and hence accruals needs to be reversed in next period.... If actual journals are not entered, then again accrual journals will be entered in the last day of next period and this continues....
@@OracleEbizandFusionVideos thanks Arvind 👍
Thanks for video. can u pl add something on encumbrance accounting and how it impacts budgets?
Sure
Aravind, what if i select next non adjusting period. i have to test it , and if i select next period , please tell me difference of this two.
You can select either next period or next non adjusting period depending upon your requirement... If you select Next period, then reversal entries will be created in next period (irrespective of whether its adjusting period or not) and if you select Next non adjusting period, reversal entries will be created in next non adjustment period
Can you still add more journal after running import journal for that day?
You can add any number of journals in a day or in a month.. There are no restrictions
Hi
Thanks you sharing this video
I have one query
In next month reversal is there any option to fixed the posting date in the next month.
Let say in you example we have posted accrual entry in the Feb period and we want all reversal on March period with posting date as 1st March even though I will run the auto reversal program on 6th March
If we select next period, then accrual journals will be reversed with GL date of first day of next month... So, in your example, yes, accrual reversal journals will be created with GL date of March 1st
Hi Aravind, what are the steps to reverse journal in subledger?
What kind of subledger transaction you want to reverse?
Arvind sir please let me knw when can i get the reversal journal in secondary during journal reverse in primary Or posting the reversal journal in primary then only reversal journal will create in secondary ledger
When you reverse a Journal entry in Primary ledger, corresponding reversal journal entry gets created in Secondary ledger
Hi. is there an option to default the exchange rate type by default as corporate in the GL journal entry form.
We are going to upload corporate rates and found option to default it in purchasing side and also payables. but couldnt find an option in GK.
Unfortunately in GL, as per standard functionality, there is no option to default Exchange rate type
i am getting auto revers journal Error how to solve this task
Can you tell me exact error message so that i can see if i can help you
can you provide training as well? can u share your email id?
Hi Varsha, yes, i provide training as well. Please ping me on my facebook page for further details:-
facebook.com/pg/CAArvindVaraganti/