What is reversal in SAP FIN-SEM-BCS - Business Consolidation?

SAP Term: reversal

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: A mode of document reversion. A reversal reverses already-posted documents by posting a second document that posts the same set of characteristics but with reversed debit/credit signs. A reversal does not produce a remaining net difference. The reversal document posts in the same period in which the reversed document was posted. Neither the reversed document nor the reversal document can be reversed again.

Smart SAP Assistant

• Key Concepts: 
  Reversal is a feature in SAP Business Consolidation (FIN-SEM-BCS) that allows users to reverse the effects of a previously posted document. This feature is useful for correcting errors or reversing incorrect postings. Reversal can be used to reverse the effects of a single document or multiple documents. 
  
  How to use it: 
  To use the reversal feature, users must first select the document they wish to reverse. Then, they must enter the reversal date and select the reversal reason. Finally, they must confirm the reversal and post it. 
  
  Tips & Tricks: 
  When using the reversal feature, it is important to remember that only documents that have been posted can be reversed. Additionally, users should be aware that reversing a document may have an impact on other documents or processes in the system. 
  
  Related Information: 
  For more information about using the reversal feature in SAP Business Consolidation (FIN-SEM-BCS), please refer to the official SAP documentation.