Correcting Journals
Correcting Journal Entries Enhancement
In Dynamics 365 Business Central, if the user needs to create a correcting entry to replace an original entry reversed using the Reverse Transaction functionality, the user is required to use some process to remember the original entry posted. This process can be time consuming and allow for additional errors if the user cannot see an exact replication of the entry in Dynamics D365 Business Central.
With the SL Overlay Correcting Journal Entries enhancement, the reversing entry is moved to a general journal batch where the user has the ability to see the reversing entry and edit it before posting. This allows the user to create and edit the correcting entry without having to take screen shots or make notes of the details of the reversing entry.
To create a reversing entry and move it to a general journal for editing (rather than just posting the reversing entry "as is"):
Navigate to the Chart of Accounts page and select an Account that contains the entry you wish to reverse.
Select the account balance in the Net Change column to open the General Ledger Entries page.
Select a ledger entry (which was created from a journal) to reverse and select Process > Reverse Transaction. The options to reverse a transaction are:
Reverse Transaction: select this option to automatically reverse the selected posted general ledger entry. No editing is possible with this option. This is the standard Business Central functionality.
Reverse Edit: select this option to open create reversing entries and have the opportunity to create additional or correcting entries before posting.
From the Reverse Edit request page, select Move Entry to General Journal Batch to select in which general journal batch to create the reversal/new entries.
Select Yes to message To reverse these entries, correcting entries will be posted. Do you want to edit the entries in General Journal?
Select the General Journal to use for the new reversing/correcting journal batch.
Select OK to message "The entries were successfully moved to General Journal.
Navigate to the General Journal and make desired edits to the new reversing journal batch as desired, and post, using the normal batch posting process.
Both the reversing and the correcting journal entries are posted to the journal batch selected in the request page.
Tip
You can use the Personalization feature in Business Central to a field that can help you track the connection between the reversing/correcting entry and the original entry. The field to add are: Reversed Entry No. which specifies the Entry No. for the entry created in the Reverse process.