You, Me and Dynamics GP
Dynamics GP provides a great option for backing out and correcting entries in the GL. But what if the transaction didn't originate in the GL? What if it came from a subledger? Generally, you want to correct the entry back in the module where it was created. However, it is possible to use GP's Correct Journal Entry functionality to reverse and fix a JE that started in the subledger. You just have to turn the functionality on.
To activate the ability to correct GL entries that didn't originate in the GL:
- Select Tools|Setup|Financial|General Ledger
- Check the box next to Voiding/Correcting of Subsidiary Transactions
Originally posted by Mark Polino at 2/08/2010 09:00:00 AM
2 comments:
Will this adjust the subledger? If not than this could potentially cause problems reconciling and the Reconcile to GL process would have the transactions sitting in unmatched section, correct?
As I mentioned in the post, it will NOT adjust the subledger. That's also why it's not on by default. But there can be scenarios where this is right answer to fix a mistake.
Mark
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