This is a very useful in accrual accounting i.e. journals at the end of the period recording accruals and prepayments for the period would automatically reverse on the next day. For example 30/6/18 Dr Light & Power $500.00 Cr Accruals -500.00 Automatic reversal …

Will add this to the Ideas Category

Excellent idea. This would make Manager more professional and sophisticated. All my life I worked with software that had this functionality built in. Thanks @Brucanna for adding this to the ideas category.

I vote for this. Very useful. A sort of “clone and reverse” would be great

[image] My Accountants Feedback of program Manager used to have reversing journal entries. I’ve removed that feature some time ago. I really didn’t like how accountants were abusing reversing journal entries to the point that P&L looked ugly and illogical for…

I think that independently from accrual accounting a “flip” function would be very useful also to quick correct wrong imputations in journal entries.

Apologies, but having been reminded by @dalacor of my previous comments I am going to delist this topic from the Ideas category. First my previous comments and then illustrated reasons. The reversing journal is the traditional approach, but the more modern approach is to leave the accrual expense i…

You could still keep this topic as an idea to remind Lubos what he actually wanted to introduce. He does have a module in mind that he wants to introduce so while it won’t be reversing journals per se - it will address the need to more elegantly handle BS stuff that people use Reverse Journals to do…

If not mentioned before: Allowing to set up Transistoria to expenses (or income) you would be able to spread the current received costs to several month. I prepay now € 1.500 of Energy costs for the coming 3 months. If it allows me to set a period of 3 months than for the invoice of the 28th of May…

Greeting All This question of reversing journal entries has stimulated a passionate response from a number of contributor, and I impressed with all the views being put forward. I would like this opportunity to express my view on the matter. I have never been an advocate of accounts looking pretty…

Having an automatic accrual function by setting the starting and ending date (for linear accruals) would save a lot of time to most of the users. However linear is not the only way… But the most frequent for sure.

Reversing Journals

Uncategorized

dalacor June 2, 2019, 8:07am 5

I remember @lubos saying that he wanted to replace Reverse Journals.

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My Accountants Feedback of program Uncategorized	52	6215	June 2, 2019
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Acruals and Prepayments Uncategorized	10	1820	January 23, 2016

Reversing Journals

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