Review, Correct, or Reverse a Journal Entry
Review, Correct, or Reverse a Journal Entry
Overview
This guide will help you correct an erroneous journal while retaining an auditable balanced chain.
Muhasib preserves the original/reversal/replacement chain and keeps each entry balanced.
Who can do this
You need access to Journal view and update/reversal rights for the affected period.
Before you start
Identify journal number, error, detailed record, downstream reporting, correct entry, period status, and approval.
Before saving, check that the correct company is open and that you have permission to complete this task.
Where to find it
Open Journal Ledger or Journal Entry history and locate the original journal.
Review, Correct, or Reverse a Journal Entry
Step 1: Compare the journal to its evidence and approval
Step 2: Confirm debits, credits, accounts, dimensions, date, and narration
Step 3: Update only safe descriptive fields where permitted
Step 4: Reverse the full incorrect journal through the authorized action
Step 5: Enter reversal reason/reference
Step 6: Post one correct replacement journal when required
Check your work
Confirm all linked journals in Journal Ledger, Account Ledgers, Trial Balance, and affected statements.
Take a moment to check your work before closing the window. This small check can save time later.
If something goes wrong
- Do not edit one side of a posted journal.
- Correct closed-period errors according to accounting policy rather than silently backdating.