zoran
Member
In my country's legislative & business practice it is a rule that reversed entries are shown with a minus on the same side.
Now, reading JD Edwards Enterprise One General Accounting 9.0 Implementation Guide I found this explanation for reversing:
“After you post a journal entry, you cannot change it to a reversing journal entry on the Journal Entry form. Instead, you must do this in sequential order:
• Void the entry.
• Resubmit the batch to post.
• Re-enter the journal entry as a reversing journal entry.”
It really does not tell which method is used, if I understand this correctly.
Oracle EBS, R 12.1, for example, allows user to choose the method. This is a quotation from the General Ledger User's Guide:
“In the Reverse region, select a reversal method from the Method drop-down list.
Switch Dr/Cr: General Ledger creates your reversing journal by switching the debit and credit amounts of the original journal entry. This method is often used when reversing accruals.
Change Sign: General Ledger creates your reversing journal by changing the sign of your original journal amounts from positive to negative. This reversal method is often used when reversing journals to correct data entry mistakes."
Does anybody know which method JDE Enterprise One R 9.0 uses?
Now, reading JD Edwards Enterprise One General Accounting 9.0 Implementation Guide I found this explanation for reversing:
“After you post a journal entry, you cannot change it to a reversing journal entry on the Journal Entry form. Instead, you must do this in sequential order:
• Void the entry.
• Resubmit the batch to post.
• Re-enter the journal entry as a reversing journal entry.”
It really does not tell which method is used, if I understand this correctly.
Oracle EBS, R 12.1, for example, allows user to choose the method. This is a quotation from the General Ledger User's Guide:
“In the Reverse region, select a reversal method from the Method drop-down list.
Switch Dr/Cr: General Ledger creates your reversing journal by switching the debit and credit amounts of the original journal entry. This method is often used when reversing accruals.
Change Sign: General Ledger creates your reversing journal by changing the sign of your original journal amounts from positive to negative. This reversal method is often used when reversing journals to correct data entry mistakes."
Does anybody know which method JDE Enterprise One R 9.0 uses?