Point of Sale & Business OperationsAccounting
Reversing a Journal Entry
Create a new, offsetting entry that cancels out a posted journal — without deleting the original.
Fields
- Reversal date (required)
Reversing creates a new journal entry with the debits and credits flipped, dated on the reversal date you choose — the original entry stays in your records, and the new offsetting entry brings its net effect to zero. This preserves a full audit trail, unlike Voiding, which cancels the entry directly.