Assign the Sign to Reverse Transactions
Reversing transactions is one of the regular tasks performed in any business. When creating a manual journal entry to reverse a given transaction, you can decide whether to keep the amounts in the same sides and with negative sign or, to switch the debit and credit to be opposite to the original transaction. But what happens when using the option “Cancel” from within the document or transaction? how will the reversal transaction look like then? Well… just the way you want it!
SAP Business One allows you to define whether to use positive or negative sign for reverse transactions:
When selected, the amounts in reversal transactions are kept in the same side as the original transaction, but with negative sign. You can change this setting at any time.
Available in SAP Business One, version for SAP HANA and SAP Business One. This tip and all the other tips are available on the Tip of the week community page. You can also visit the Implementation Arena for useful implementation tips.