Accounting: Accounting: Journal Entries: Canceling Journal Entries

This documentation outlines the process associated with reversing journal entries in the Accounting application of Odoo 16.

First, we'll want to locate the journal entry to reverse. A simple way to do this is to go to Accounting > JOURNALS > Journal Entries and use the filters to find the posted entry you would like to cancel. 

Once you're on the journal entry, click REVERSE ENTRY.

A modal will pop up giving you a few fields to choose:

Reversal Date:

• Specific: If selected, you can choose a specific date to reverse the entry. 

• Journal Entry Date:  If selected, the date of the journal entry will also be used as the reversal date.

Use Specific Journal: Choose the journal you would like to use, though if this field is left blank, the journal of the journal entry will be used for the reversal. 

Reversal Date: Select a date for the reversal to be reflected on in the journal.

When finished, click reverse . 

This will remove the journal entry from the journal, at which point it can be edited and posted again, if needed.