Reversing to the journals saves the time and help to prevent the data entry errors. Journal batches and the entries that have already been to be reversed once cannot be reversed it again. This is it true even to the original journal reversal was deleted and never been posted. In Oracle Fusion General Ledger, the edit capability is allowed on the unspotted reversal journals by the default. If the journal was reversed in the error, copy to the original journal entry and then to edit it, as required. Below are three methods used to reverse the journal entries?
- Manually select the reversal and generate the current of period
- It manually select for the reversal and to create in the later period
- It automatically used to the Journal Reversal to the Criteria of Sets
- Automatically Reverse the Journal Entries Using the Journal Reversal of Criteria Sets
- Mechanically Reverse the Journal Entries Using the Journal Reversal Criteria Sets
Automatically it reverses to the journals with the clear criteria sets for the particular and journal categories by running to the AutoReverse program. When the AutoReverse program runs, it reverses the journals that match the criteria particular and any of the journals that were manually designated for reversal. The AutoReverse program can be run it manually from the Launch AutoReverse link on the Task panel located on all the journal pages or scheduled to run when the accounting period is opened or at other times.
Journal reversal criteria set to specify the reversal period and to the method for each of the journal categories. You assign to the journal reversal criteria sets to the ledgers. The same set can be shared and assigned to the various ledgers. Use this reversal method for the reoccurring accrual entries that enter each period and is scheduled to reverse in the future of the period. The User explains and accesses the set security to secure the journal of reversal criteria set definitions and to prevent the unauthorized users from and of modifying them.