Reversing journals are raised as Recurring journals and posted in the same way.
Raising a Reversing Journal:
In the Financials Ledger, select Journals from the ribbon.
Open the Options button along the top of the Journal entry screen and tick the Recurring Journal option returning to the Journal entry screen when done.
Enter the reference and Date, amending the First Posting Date if necessary - this may e used when posting the journal.
Enter the No. of Postings and Postings per Period - minimum 1 - as well as the Posting every option if necessary.
The Reverse Options button offers three options:
Do Not Reverse - the journal will not be reversed
Reverse at Period End - the reversal will be processed in the period following the posting when the period end is run.
Reverse when posted - the reversal will post into the period following the posting when the original is processed.
Enter the debit and credit accounts as necessary and click the Save button (icon of floppy disc) to batch the journal.
Posting a Reversing Journal:
In the Financials Ledger, select Post Batch from the Ribbon, then Recurring.
Find the journal and review the Post To selection options at the bottom of the Batch Selection screen.
Next Posting Date will use that date in the journal (incrementing it based on the frequency and number of postings) to select the period to be posted into.
Selected Period will allow selection of a specific Year and Period within the constraints of the system and user's future posting permissions.
Toggle the selected journal(s) to yes in the Post Batch window and click the Green Tick to post.