17

The current template and data entity does not have the fields for importing a reversing journal limiting the usability of the template

Category: General Ledger
STATUS DETAILS
Completed
Ideas Administrator

Thank you for your feedback.
We released this feature as part of the functionality in Dynamics 365 Finance and Operations.  You can now include the Reversal checkbox and Reversal date on the entity for importing.

Sincerely,
Kristi Slininger, PM
Microsoft.

Comments

M

I agree that this would be very useful as accruals represent a large number of monthly ledger journals.

This was standard functionality in Oracle Financials - you would simply mark the journal for reversal and indicate the reversal fiscal period. The difference in process was that the reversal journals would be generated via monthly batch job VS being created at the same time as original journal. The other differences that I miss:
- Original journal batch name would be retained and simply prefixed by REV or "Reverses", which was great for audit trail purposes
- You could reverse full journal batch VS just a voucher or journal within the journal batch
- You could easily reverse a journal batch directly from the posted journal grid (D365 process is not intuitive)
- You could view the reversal from the posted journal grid and easily verify that the journal total and number of records are the same

Category: General Ledger