You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Adding Adjustments instead of backing them out?

Received Response
edited Feb 26, 2020 12:20PM in Account Reconciliation 4 comments


Backing out adjustments results in sign logic being the opposite to the accounting/financial rules


Hi Tim & everyone,

I have raised this question some time ago during the implementation and now that the Power Users have become a bit more mature in ARCS, they have indicated the same to me.

Adjustments are created to correct a General Ledger or a sub-system balance, the correction could be for either an existing incorrect journal or for a missing one or could be a combination of both cases.

When accountants create an adjustment, they apply the financial/accounting logic to decide the sign of the adjustment. 

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!