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Define Reasons for Reversal

In this activity you define the reasons for making a reverse posting or reversal. The reason for reversal is displayed in the reversed document. It also controls:

• Whether an alternative posting date is allowed

• Whether a reversal document is comprised of negative postings.

Examples

The following are possible reasons for reversal:

• Incorrect posting in the current period

• Incorrect posting in a closed period

• Failed bill of exchange

Activities

Define the reasons for reversal.