There are two reasons for reversing journal entries:
To correct mistakes in posted journal entries.
To book something one month and back it out the next.
In this article we'll show how to reverse a journal entry manually.
Reconciled journals cannot be deleted – you can only reverse them. Unreconciled journals can be deleted or reversed, but for audit purposes, it is better to reverse them.
To reverse a journal entry
Go to Accounting > General Ledger > Journals.
Locate the journal you want to reverse and open it.
Click the Reverse button.
A popup opens.
Complete the popup and click OK.
Breeze reverses the journal, and displays a "reversed by" message at the top of the screen.
The message is a link to the reversal, shown below.
The reversal has a link back to the original JE.
Activity Feed
If you open the Activity Feed on the original journal, you can see that it was reversed.
