Batch 327: Implementation Reversal (Storno) entries
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Storno entries or Reversal Entries in Exact Globe 2003
is now re-implemented. Currently, reversal entries are being identified by an
indicated of the "Line type". Starting with this release, the implementation of
Reversal entries (mainly used in Eastern European countries) would now be based
on the setting in the menu path [System/General/Settings/General
Ledger Settings]
This
setting is only available to the following legislations :
-
Polish (option 605),
-
Czech (option 606),
-
Slovakian (option 636),
-
International legislation (option 699)
-
Russia legislation (option 611).
For Romania (option 607), the settings is not visible because it is compulsory
for Romanian legislation and it cannot be turned off.
The type of entries that are treated as a Reversal are:-
For the above legislation, when the setting
for reversal entries is ON, these entries would be displayed as a negative on
the same side as the original entry.
For example:
A sales invoice entry is always entered as
follows :-
GL |
Line Type |
Debit |
Credit |
Debtor |
Sales Invoice |
1000 |
|
Revenue |
Sales Invoice |
|
1000 |
A reversal of this entry would be displayed as
negative amount on the same side of the entry.
GL |
Line Type |
Debit |
Credit |
Debtor |
Sales Credit Note |
-1000 |
|
Revenue |
Sales Credit Note |
|
-1000 |
Every screen displaying a double entry of the
above type of transactions would have to display the entry as reversal. The
areas affected is as follows:-
-
GL cards
-
Debtors/ Creditors Cards
-
Print of the GL/ Debtors / Creditors cards
-
Transactions screen
-
General journal ( Manually entered Reversal entries, Sales / Purchase credit
notes)
-
Interactive balance
-
Balance sheet/ PL .
1) Example of GL card
2)Example of Debtor
card/Creditor card
3)Example of return fulfillment and return
receipt
4)Example of transaction screen
5)Example of General journal ( Manually entered Reversal entries)
6)Example of Print of the GL/ Debtors / Creditors cards
7)Example of Interactive Balance
8) Example of Balance sheet/ PL
Main Category: |
Support Product Know How |
Document Type: |
Release notes detail |
Category: |
Release Notes |
Security level: |
All - 0 |
Sub category: |
Details |
Document ID: |
06.392.445 |
Assortment: |
Exact Globe
|
Date: |
09-05-2017 |
Release: |
|
Attachment: |
|
Disclaimer |