Note: The AV will be reversed automatically in the new fiscal year.
- Create an AV –Accrual Type.
- Select June from the accounting period drop-down.
- Enter a reversal date of today or July 1, whichever is later.
- Debit prepaid object code (1610), and credit expense used on original transaction.
- Create YEDI e-doc.
- Use the expense object codes from the original transaction in the From section, and a prepaid object code (1610) in the To section. The amounts will be positive.
- Manually reverse using an in-year DI e-doc. Use the prepaid object code in the From section, and the expense object code in the To section. The amounts will be positive.