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Auto Reversing Journals

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edited Oct 2, 2018 1:53PM in Financial Consolidation and Close 1 comment

Summary

Auto Reversing P&L Journals in December

Content

Hello,

I was wondering if anyone has experience using auto-reversing journals that can help me confirm the results I'm seeing. I'm noticing P&L journals in December generating auto reversals in January of the next year. I wouldn't think this would be necessary as retained earnings closes. They are easy enough to unpost (or not post in the first place) but they can't be deleted and just sit out there.

Is this behavior expect? I logged an SR and will update this thread when I hear back.

Thanks!

Scott

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