AP/AR Netting: How to Control the GL Date Use When Reversing a Netting Batch
(Doc ID 1622738.1)
Last updated on FEBRUARY 03, 2019
Applies to:Oracle Receivables - Version 12.1.1 and later
Information in this document applies to any platform.
When you create a Netting Batch Reversals, they are being accounted in the wrong month, because you are not able to control the Reversal GL_DATE.
This is causing you to do additional accounting entries to correct it.
This is causing balancing issues.
You use the 25th of each Month for Transaction and Settlement Date, and the last day of the previous month for the GL Date.
Your Invoicing cycle is always one month behind. So, if you have to reverse the Netting Batch, the reversal will always occur in the following month.
When you reverse the Netting Batch, there does not appear to be any options to give the reversal GL Date.
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