Next on theChange View "Reasons for Reverse Posting": Overviewscreen you will see a list of previously definedreasons for reversalon your SAP system. Next, click theNew Entriesbutton to define anew reason for reversal in SAP FICO. Next, enter the following details to configure the reason for ...
1. Reversal in closed period The transaction belong to a period whihc is closed and you are revresing it now. 2. Reversal in current period Transaction belong to the current period and you re revrsing. 3. Actual Reversal in closed period The transaction belong to a period whihc is close...
The various reasons why it is used are to find the documents based on reversal reason. It is based on your specific requirement. If you choose option 1 and 3, it will do the same thing. But in the document, the reversal reason will be recorded as 1 or 3 depending on the reason give...
Path: SPRO Financial Accounting General ledger accounting Business Transactions Adjustment posting/Reversal Define reasons for reversal Regards Surya You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in. C...
SAP Managed Tags: FIN (Finance) Good day to all! There are 5 reversal reversal reasons namely: 1. Reversal in closed period 2. Reversal in current period 3. Actual Reversal in closed period 4. Actual Reversal in current period 5. Accruals and Deferrals Can anyone define the said reversal...
Reasons of Reversal Step 2: Next, enter Accrual/Deferral document. Menu Path:SAP Menu -> Accounting -> Financial Accounting -> General Ledger -> Periodic Posting -> Closing -> Valuate-> Enter Accrual/Deferral Document Transaction code:FBS1 ...
SAP FB08 reversal reason A reason for reversal is mandatory, and these are the possible reasons: 01 Reversal in current period, meaning no big change on the general accounting, as the period is still open, 02 Reversal in closed period, which might have a big impact on that period and eve...
You have entered reversal reasons in Customizing for Contract Accounts Receivable and Payable under: Convergent Invoicing Invoicing Documents Invoicing Documents Invoicing Reversal Define Reasons for Reversal of Invoicing Documents Convergent Invoicing Billing Billing Documents Reversal of Billing Documents Define ...
1,448 SAP Managed Tags: FIN (Finance) Please explain me the meaning of reversal reason codes 01 to 05, used while reversing a document through FB08. SHREY SHARATCHAND JAIN Accepted Solutions(1) Hi, Reversal reasons are customizable. There is no meaning for them apart the one that you wan...
For each reversal reason, specify whether negative postings are to be created in the reversal document and whether the reversal date may differ from the posting date of the document to be reversed. You define reversal reasons in Customizing for Financial Accounting according to account type in ...