Comparing Correcting and Reversing Entries between Dynamics SL and Dynamics 365 Business Central
Comparison of correcting and reversing journal entries in Dynamics SL and Business Central. Shows the SL reverse, reverse-and-correct and copy options on Journal transactions, then reversing a posted entry and correcting dimensions from General ledger entry in Business Central.
- Introduction and SL correcting entries options
- Creating reversing entries in Dynamics SL
- Posting the correcting entry in SL
- Reversing entries in Business Central
- Correcting dimensions in Business Central
- Summary and resources
Overview
The 3-minute video, published 2024-07-26, walks through how to fix a posted journal entry in Dynamics SL and then in Business Central. In SL, the Journal transactions page offers three options: reverse the entry, reverse and create a correcting entry, or copy the entry to change it manually. Reversing creates an unposted batch that swaps debits and credits of the original posted batch, and that batch is then posted.
In Business Central, the reversal is started from the General ledger entry page. The system fills in the journal entry information and reverses the amounts. The video also shows correcting a dimension on a posted entry without reversing the whole transaction, including adding a missing dimension, entering a description for the change and refreshing to see the result.
Key points
- In Dynamics SL, choosing Correct journal transaction on Journal transactions offers three options: reverse, reverse and create a correcting entry, or copy the entry to make manual changes.
- Reversing in SL creates an unposted reversal batch that completely reverses the original posted batch, with the account and amounts pulled in and debits and credits reversed. You then post it with Post transactions.
- In Business Central, you reverse a posted entry from the General ledger entry window. The journal entry information is filled in by default, and the reversal reverses the amount posted in the original entry.
- Business Central’s Correct dimension functionality can correct or add a dimension value on a posted entry instead of reversing the whole transaction.
- When correcting dimensions, you select the new dimension value code, add any missing dimension, enter a description of why the change is being made, run the change dimension process and refresh to see the result.
- The video’s conclusion is that reversing and correcting dimensions is quick and simple in Business Central.
Features
| Feature | Status | At |
|---|---|---|
| Reverse journal entry | status not stated, demoed | 0:26 |
| Reverse and create correcting entry | status not stated | 0:26 |
| Copy entry for manual correction | status not stated | 0:26 |
| Reverse journal entry in Business Central | status not stated, demoed | 1:14 |
| Correct dimension in Business Central | status not stated, demoed | 1:55 |
AL objects mentioned
As heard in the captions. A name that matches one object page by exact type and name links to it; the others stay as named.
Not found in BC28-30: page “Journal transactions”, page “General ledger entry”.
Quotes
- 0:00 “we’re going to look at creating correcting entries in Dynamics and compare that to the experience of creating reversing entries and correcting dimensions in”
- 0:26 “there are three options to select reverse the journal entry or reverse and create a correcting entry or to just copy the entry to”
- 0:47 “the system has pulled in the account and amounts and reversed the debits and credits”
- 1:40 “it has reversed the amount posted in the original journal entry”
- 1:55 “you can reverse the transaction or you can use the correct Dimension functionality to correct or add a dimension value”
- 2:15 “instead of choosing to reverse the transaction we’ll select to correct the dimension”
- 2:50 “reversing and correcting Dimensions is a quick and simple process in Business Central”