Ability to do automatic reversing journal entries.
Revenue and expense accrual journal entries are done at the end of the year or during the year and it would be helpful to put a date in and the journal entry will automatically reverse the journal on the day key into the system. Please see the attached.
Christy Case commented
This is exactly what I have been needing! Any idea on when it will be implemented?
Amanda Gambrell commented
I agree this would be helpful. I have seen other software that had a checkbox for 'reverse' and the software automatically reversed the entry in the next period. No date was required, it just did the reversal the very next period.
I am so glad this is being planned :-)
Hopefully this will be added before my year end. That would help me out for sure.