Concept: Accounting Journals in AP&C
In Workday Adaptive Planning and Consolidation (AP&C), accounting journals are the journals that accountants create manually for accounting purposes.
Reversals
You can generate reversal journals in Workday when you reverse a posted accounting journal. The reversal journals provide a complete audit trail of the journal entries. They enable you to comply with legal requirements in countries where you can't modify or cancel a posted journal.
Workday creates reversals of accounting journals when you select 1 of the
Always Reverse Accounting and Accounting Center Summary Journals
option at the tenant level on the Edit Tenant Setup - Financials
task.When you enable the reversal of accounting journals, Workday displays the Reverse
option on the related actions menu of posted accounting journals. Otherwise, Workday displays the Unpost
option.Workday provides a
Reverse Journals
task that you can use to reverse a journal not marked for automatic reversals.Example: You forget to select the
Create Reversal
check box when creating a journal. You access the Reverse Journal
task to reverse the missed journal.Workday strongly recommends using the
Reverse
option on the related actions menu of posted accounting journals for all other journal reversal needs to ensure data integrity as the Reverse Journal
task bypasses approvals.