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Administrator Guide
Last Updated: 2024-03-08
Steps: Create Accounting Journal Reversals in Alternate Ledger Currency

Steps: Create Accounting Journal Reversals in Alternate Ledger Currency

  • Set up alternate ledger currency (ALC) for your company.
  • Security: The
    Process: Journals - Core
     domain in the Financial Accounting functional area.
When you use automatic reversals for accounting journals and configure ALC, Workday requires reversals in the respective alternate ledger for automatic reversals:
  • In
    Created
     status and not posted to a primary ledger.
  • Posted to a primary ledger.
You can create accounting journal reversals and enable Workday to correctly generate automatic reversals in both primary and alternate ledgers.
  1. Access the
    Mass Post Reversal Journals
     task.
    For automatic reversals in
    Created
     status and not posted to a primary ledger, generate reversals in the primary ledger.
  2. Access the
    Mass Generate Alternate Ledger Reversal Journals
     task.
    Generate the respective reversals in the alternate ledger.
    Only use this task during ALC setup.
  3. Access the
    Mass Post Reversal Journals
     task.
    Post the automatic reversals in all ledger currencies for journals created and posted after you configured ALC.