The reversal form asks for Reversal accounting date and does not allow a date earlier than the original outgoing source date in its date control. Choose a date supported by the accounting correction you are making.
- Inspect the original pair’s source date and Accounting date.
- Review the company’s applicable accounting period and correction context with the authorized reviewer.
- Enter the supported reversal date, explain the reason, and submit the request when permitted.
Do not choose a date solely to make the form submit
The date affects when the reversal appears in the books. A convenient date can still be inappropriate for the company’s accounting circumstances or fail later accounting checks.
If the intended date is unavailable or rejected, read the current message and resolve the period or policy question through the supported review. Do not edit the original bank source date to work around the restriction. The reversal corrects the accounting for both legs while preserving their history. After the request is created, inspect the displayed reversal date before posting. If the request needs correction, use the available cancellation or return action and prepare the supported replacement through the workflow rather than assuming an unposted date change has already taken effect.
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