Auto-Reverse General Ledger Entries in Sage 300 ERP

By | January 22, 2013

Many a times Sage 300 User comes across a situation, where they want to reverse an entry in GL at particular period. This functionality is available in Sage 300 ERP (formerly known as Sage Accpac ERP) in General Ledger Module /GL Transaction/Journal Entry.
The prime example of such cases is the Salary Journal Entry which user enters every month end for making salary provisions which they reverse immediate in the next month.
In Journal Entry users will find an “Auto Reverse” check-box, wherein checking this check-box, will provide with a drop down list adjacent to it with 2 options detailed below.

1. Next period – If you select this option, G/L Journal Entry will get reversed in the immediate next period set.

2. Specific period – When users select “Specific period” option, they will get a drop down where they can select a period in which they want the entry to be reversed.

Note: System will not create any physical entry in the system, but its effect will be replicated in all the required reports and in the Account Inquiry Screen.