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Reversal Date "First day" in Journal Reversal Criteria Set creates reversal journals using today's d — Cloud Customer Connect
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Reversal Date "First day" in Journal Reversal Criteria Set creates reversal journals using today's d

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edited Jun 14, 2019 10:12PM in Financials – General 8 comments

Summary

Reversal Date in Manage Journal Reversal Criteria Set creates reversal journal using today's date instead of the first day of the accounting period

Content

Selection of First day or Last day in Reversal Date in "Manage Journal Reversal Criteria Set" for Revaluation creates identical reversal journal in the next period using today's date as the journal date.  In most ERP systems, first day means the first date of the accounting period regardless when the reversal journal is created.  Fusion's first day concept is using today’s date whenever the reversal journal is created.  Both First day and Last day in Reversal Date share the same logic.  What is the justification for using today’s date not the first day of the accounting period? Should this be re-designed to use

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