Managing financial records in Sage Intacct often requires reversing or duplicating general ledger entries. Bojan's instructional video provides a straightforward guide on performing these tasks efficiently. Here's a step-by-step summary of the process:
Navigate to Journal Entries:
Go to the General Ledger (GL) and select 'Journal Entries'.
Choose 'General Journal Transactions' from the options available.
Selecting the Journal Entry:
Locate and select the journal entry you wish to reverse.
You can reverse a journal entry directly from the list view or by opening the batch of transactions and selecting 'More Actions' > 'Reverse'.
Confirming the Reversal:
Once you select 'Reverse', confirm your intention to reverse the transaction.
You will have the option to retain the original dates or replace them with a different reversal date. Make your selection and click 'Continue'.
The reversal is then created in the system.
Impact on Original Batch:
If you edit a reversed entry, Sage Intacct will prompt you to decide whether the changes should apply to both the original batch and the reversal, or just the reversal.
Selecting 'Yes' applies changes to both, while 'No' modifies only the reversal.
Locating the Entry:
In the General Ledger, under 'Journal Entries', find the entry you wish to duplicate.
Duplicating the Entry:
Click on the transaction you want to duplicate.
Select 'Duplicate' and confirm your selection.
Choose to retain the original dates or replace them with a new date, then click 'Continue'.
The system quickly creates a duplicate of the selected batch.
By following these procedures, you can efficiently reverse or duplicate general ledger entries in Sage Intacct, ensuring accurate and streamlined financial record-keeping.
For a visual demonstration and additional details, watch Bojan's video: Sage Intacct: How to Reverse or Duplicate General Ledger Entries. This resource is an excellent guide for anyone looking to manage their accounting entries in Sage Intacct effectively.