Costpoint Online Help

Using the Help Search
Using the Help Search
  • Phrase:Returns all topics that contain the exact phrase in the search criteria. Use quotation marks around the phrase.
    Ex."system administration"
  • And:Returns all topics that contain all the words in the search criteria, in any combination. Insert a plus sign between all words in the search criteria.
    Ex.system + administration
  • Or:Returns all topics with any combination of words in the search criteria. This is the default.
    Ex.system administration
For more information:Searching Online Help

Reverse Posted Journal Entry

Use this screen to create a reversing journal entry for a previously posted journal entry.

After you specify the journal entry number, journal entry type, and the subperiod in which the entry was originally posted, the process creates a journal entry in the subperiod selected. You can then edit and post this journal entry in the normal fashion.

You can use this screen to reverse all types of journal entries: adjusting, recurring, reversal adjusting, reversal recurring, project transfer, and multi-job allocations. This includes journal entries created through separate processes such as the Manage Cost of Goods Sold process and the Create Multi-Job Allocation Entry process. The journal entry type of the reversing journal entry is always Adjusting. When you create the journal entry, Costpoint assigns it the next journal entry number in the sequence.

If your firm's accounting operations policies include segregation of duties, perhaps to comply with the Sarbanes-Oxley Act of 2002—or if it has otherwise decided to require that journal entries be approved—you can use the Approve Journal Entries screen to approve journal entries. In that case, you can also use the Approve Journal Entries check box on this screen to override other journal entry approval settings and approve the reversal of a journal entry that was originally approved for posting.

Warning: Do not run this process while other users are using the Manage Journal Entries screen. Before you start this process, make sure that no one is using the Manage Journal Entries screen.