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How to Create a Reversing Journal Entry in Sage X3

Create a Reversing GL Journal Transaction

How to Create a Reversing Journal Entry in Sage X3

Reversing journal entries are made at the beginning of an accounting period. Their purpose is to reverse or cancel out an adjusting GL Journal entry that was made at the end of the previous accounting period.
The following steps will walk through how to set up a reverse Journal using Sage X3.
Create the GL Journal Entry that will later be reversed
  1. Go to Financials > Journals > Journal entry
  1. Create a new GL Journal entry that will be reversed next month.
  1. Select “Yes” in the Reversal drop down and enter the ‘Reversal date’.
  1. Click the Create button when finished
Create a Reversing GL Journal Transaction image-1
Create a Reversing GL Journal Transaction image-2
  1. Users can reverse single or multiple entries by using the Reversals function located at Financials > Current Processings > Reversals.
  • Additional criteria filters are available for selection
Create a Reversing GL Journal Transaction image-3
  • Once you click ‘OK’ a log will display showing the new entries
Create a Reversing GL Journal Transaction image-4
  • The journal transaction which is reversed is shown as below. The ‘Default description’ field will show the original GL Journal number
Create a Reversing GL Journal Transaction image-5
Create a Reversing GL Journal Transaction image-6

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