Currently there is no system based control/approval over the use of journal reversal. To avoid risk including risk of non-compliance with our audit regulations, we are having to prevent anyone from being able to use this functionality. Please can Microsoft consider the introduction of either:
- A parameter that will allow reversals posted by 'reverse entire journal' to be routed to the applicable workflow for the journal type
- A parameter that would mean that rather than an automatic correction posting, a draft journal is created when the user clicks ' 'reverse entire journal' which would then go through existing workflow
- An out of the box workflow option for reversals
Comments
This suggestion certainly assists us in becoming more compliant with the accounting rules!Having the ability to reverse a journal containing hundreds of voucher transactions without anyone's approval poses a serious potential risk.The transactions that are reversed using this function should have undergone an approval process when posted, depending on the types of the original document. It's reasonable to expect the same level of control when reversing them.
Category: General Ledger