How do I Reverse Journals in Ledger App?

Updated on January 25, 2017 03:59AM by Admin

Ledger App allows you to reverse journals by sliding the toggle ON in the journal creation page. That is, you can create a journal by reversing the values of debit and credit automatically.

Steps to Reverse Journals in Ledger App

  1. Log in and access Ledger App from universal navigation menu bar.
  2. Click on “More (...)” icon and select “Settings” from the app header bar.
    ledger settings
  3. Select “Security” -> “Actions” found in the left navigation panel.
  4. In the “Actions” dashboard, enable “Journal Reversal” by sliding the toggle On.
    toggle on journal reversal
  5. Now, click on “Create” button present in the home page.
    click on create button
  6. Fill in the required details and slide the toggle ON for “Reverse Journal”.
  7. On enabling, two options will be displayed:
    • On - Enter the reverse date.
    • On a predefined reversal day - Select a predefined reversal date from the list.
      enable reverse journal
  8. For instance: Select “On” option. Enter the required reverse date.
    reverse journal section
    Note: here, Actual Salary is debited with 20,000 and Actual Asset is credited with 20,000.
  9. Click on “Create” button.
  10. Now, based on the reverse date, a journal will be automatically created as shown:
    Note: here, Actual Salary is credited with 20,000 and Actual Asset is debited with 20,000.
    reverse journal created

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