What is 'reversing entry' in SAP FI-FIO-GL - Fiori UI for General Ledger Accounting?

reversing entry - Overview

• Component: FI-FIO-GL

• Component Name: Fiori UI for General Ledger Accounting

• Description: A journal entry that reverses a previous journal entry. In a reversing entry, the debit line items are identical to the credit line items in the previous entry, and the credit line items are identical to the debit line items in the previous entry.

reversing entry - Details

• 
  Key Concepts: 
  A reversing entry is a type of journal entry used to reverse or cancel out an existing journal entry. It is used to correct errors or to adjust the balance of an account. In SAP, a reversing entry is created in the Fiori UI for General Ledger Accounting (FI-FIO-GL). 
  
  How to use it: 
  To create a reversing entry in SAP, first open the Fiori UI for General Ledger Accounting (FI-FIO-GL). Then, select the “Reversing Entry” option from the menu. Enter the details of the original journal entry that you want to reverse, such as the date, account numbers, and amounts. Finally, click “Save” to create the reversing entry. 
  
  Tips & Tricks: 
  When creating a reversing entry in SAP, make sure that all of the details match those of the original journal entry. This will ensure that the reversing entry is correctly applied and that the account balances are adjusted accordingly. 
  
  Related Information: 
  For more information on creating reversing entries in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_FIORI_FOR_GENERAL_LEDGER_ACCOUNTING/1.0/en-US