The following are the default reversal criteria for the seeded journal categories:

For new journal categories defined in the system, the default journal reversal criteria are as follows:

• Reversal Period: No Default

• Method: Switch Dr/Cr

You can modify journal reversal criteria at any time. Non-average daily balance ledgers, average daily balance consolidation ledgers, and average daily balance non-consolidation ledgers share the same seeded journal category reversal criteria defaults. If a journal reversal criteria set containing only the seeded journal category reversal defaults is used by a non-average daily balance ledger or an average daily balance non-consolidation ledger, the ledgers will do the following:

• Treat the Reversal Period value of Next Day as No Default

• Ignore values under the Reversal Date column

This occurs because these options are only applicable to average daily balance ledgers.

To assign a Journal Reversal Criteria Set:

To assign a Journal Reversal Criteria Set, perform the following steps:

1. Navigate to the Ledger page in the Accounting Setup Manager.

2. Create a new ledger or query an existing ledger.

3. In the Journal Reversal Criteria Set field, enter the Journal Reversal Criteria Set that you want to assign to the ledger. The list of values includes the Journal Reversal Criteria Sets that are not secured by definition access sets or that have been assigned to the definition access sets belonging to your responsibilities.

   Note: You can unassign or change the Journal Reversal Criteria Set that is assigned to a ledger at any time. Only journals that are created after the change are affected.

   Note: If you are using Reporting Currencies (Journal or Subledger Level), you can assign a Journal Reversal Criteria Set to your reporting currency in the Accounting Setup Manager.

To automatically reverse journals:

To automatically reverse journals, perform the following steps.

1. Enter and post Actual journals in a ledger that has a journal reversal criteria set assigned. Ensure that the journal category is enabled for AutoReverse.

2. Choose one of the following to reverse your journals:

   • Run the Open Period program to launch the Automatic Reversal program.

   • Navigate to the Submit Request window and select the program, Automatic Reversal. You can submit the Automatic Reversal program for a ledger if you have read and write access to some or all of the balancing or management segment values assigned to the ledger and if the ledger has a Journal Reversal Criteria Set assigned.

     All reversal journals with AutoReverse enabled are generated according to the reversal criteria you defined if the reversal period is open or future enterable, and if you have read and write access to all of the balancing segment or management segment values in the journal. All reversal journals with AutoPost enabled are posted if the reversal period is open.

     Note: General Ledger automatically submits the AutoReverse program when a new period is first opened in the Open and Close Periods window. You can also launch AutoReverse at any time through the Submit Request window. If you do not want reversals generated when a period is opened, set the Profile Option, GL: Launch AutoReverse After Open Period, to No.

3. Review the AutoReverse Execution Report after the program completes successfully. Use this report to review the journal batches selected for reversal.

To schedule an AutoReverse run:

To schedule an AutoReverse run, perform the following steps.

1. Navigate to the Submit Request window and select the program, Automatic Reversal. You can schedule the Automatic Reversal program for a ledger if you have read and write access to some or all of the balancing or management segment values assigned to the ledger and if the ledger has a Journal Reversal Criteria Set assigned.

2. Choose the Schedule button and set the scheduling options. For information on submitting a request, see: Submitting a Request.

3. Select the Submit button.