My Oracle Support Banner

GLPREV: What is The Expected Result of Reversal of a Journal Batch with Multiple Journal Entries? (Doc ID 2868752.1)

Last updated on MAY 12, 2022

Applies to:

Oracle General Ledger - Version 11.5.10.2 and later
Information in this document applies to any platform.
GLPREV, GLPARV

Goal

What is the expected result of reversing a journal batch that contains multiple ledgers?

STEPS 
-------
To reverse an entire journal batch via the Enter Journals Form:
1. Navigate to the Enter Journals window.
2. Query the batch you want to reverse.
3. Choose Review Batch.
4. Choose More Actions.
5. Choose Reverse Batch to generate unposted reversal batches for each entry.
If you did not assign a reversal period (and effective date, if average balances are enabled) for one or more journal entries, General Ledger prompts you for a default reversal period (and effective date).
6. Choose OK, then enter a reversal method:
Switch Dr/Cr: General Ledger creates your reversing journal by switching the debit and credit amounts of the original journal entry. This method is often used when reversing accruals.
Change Sign: General Ledger creates your reversing journal by changing the sign of your original journal amounts from positive to negative. This reversal method is often used when reversing journals to correct data entry mistakes.
Use Defaults: General Ledger uses the reversal method assigned to the journal categories you used to create the journals in your batch.
Once you choose a reversal method, General Ledger will submit concurrent requests to reverse the journals in your batch.
7. Post the reversing journal batches

 

Solution

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Goal
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.