Q1. What is a journal reversal?
A journal reversal automatically cancels out a journal on a date you choose.
On that date, Jaz records reversal entries that switch the debits and credits of the original journal.
Reversals are useful for entries that should only affect one period, such as month-end accruals.
Example: you accrue an unpaid utilities bill at month-end and set it to reverse at the start of the following month. When the actual bill is recorded, the expense isn’t counted twice.
Q2. Which journals can be reversed?
Manual Journals
Cash Journals
Q3. How do I set a reversal date for a journal?
When creating or editing a journal, click the Reversal Date field.
Choose one of the preset options:
Next Day
End of Month
End of Quarter
End of Year
Start of Following Month
End of Following Month
Start of Following Quarter
End of Following Quarter
Each option shows the date it falls on, based on the journal date.
You can also select a custom date from the calendar.
Save the journal.
Q4. How do I know a journal is scheduled to reverse?
Until the reversal date, the journal keeps the Recorded status, with a reversal icon on the status badge.
When you open the journal, it shows “This journal reverses on” with the scheduled date.
Q5. Can I change or remove a scheduled reversal?
Yes, as long as the reversal date hasn’t arrived yet.
Open the journal and click Actions in the “This journal reverses on” banner:
Edit Reversal: choose a new reversal date.
Remove Reversal: cancel the reversal. The journal stays as a regular journal, and no reversal entries are recorded.
Q6. What happens when a journal is reversed?
On the reversal date, Jaz records the reversal entries and the journal status changes to Reversed.
The journal shows when it was reversed, plus a Reversal Entries section listing each reversed journal entry line.
The reversal date also appears under Journal Details. Click Show More to see it.
The original journal stays on its own date, so its amounts only affect your account balances until the reversal date.
The reversal entries appear in your account balances and reports from the reversal date onward.
Q7. What can I do with a reversed journal?
Once a journal is reversed, you can only duplicate or void it.
Voiding a reversed journal voids both the original journal and its reversal entries, and resets any reconciliations linked to the journal.