Select this checkbox where the journal needs to be reversed. Transactions marked as To be reversed will be posted first with the date specified as the transaction date, and then again on the first day of the following period. The two transactions are identical except that the sign of all of the amounts is reversed so that one transaction cancels the other.
|UI Text Box|
The option to reverse a journal entry is only applicable for AccountRight, Essentials and MYOB ledgers.