Ideas for the Mambu Banking Engine

 

Merged idea

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Allow to book reversal journal entry at time of reversal instead of time of original transaction Merged

Many organizations will want to close their financial accounts hard and not allow reopening of an accounting period after an audit. If a problem with a transaction in a closed period is spotted one may still have to revert that transaction to rectify the account. In that case there should be a special permission or admin override that allows reversing that transaction but booking the GL journal entries for that client ledger reversal as of the time the reversal was made.

This way accounts can be corrected even though the accounting period an error happened in is already closed.

  • Guest
  • Aug 12 2014
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  • Dean Griffiths commented
    10 Jul, 2015 04:22pm

    Looking forward to this being implemented. Lets work on this ASAP.