Documentation

Reversing journal entries

Reverse an incorrect or outdated journal entry by creating an offsetting entry that cancels the original transaction.

Prerequisites

Log in to Symba Microbanking with a user account that is authorized to reverse journal entries.

Steps

  • On the Home page, click on "Accounting"
  • Click "Frequent Postings"
  • Click "Journal Entries"
  • Find and click on the journal entry to view its details
  • Click the "Reverse" button
  • Enter the reversal date
  • Add a reversal comment explaining the reason
  • Click "Submit"

A reversing journal entry is created that offsets the original entry. Both entries remain in the general ledger for audit purposes.

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