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Forum Discussion
Standard Journals are reversing every month?
Can anyone tell me why our standard journals are reversing every month? I thought that you had to select 'auto reversing' type for reversing and standard would therefore not reverse?
TheJonG
OneStream Employee
OneStream EmployeeHi - what exactly do you mean by reversing? Are you seeing a journal posted the next month which is reversing? What is the Default View of the scenario in which you are posting the journals as well as the account type of the accounts you are posting to? It could be that you are posting to a Revenue/Expense account in a YTD scenario and viewing the data as Periodic which would make the data appear reversed.
This is exactly what's happening. So under revenue/expense account type and a ytd scenario, the journal needs to be re-entered monthly for periodic view. Is there any way around this?