Creating a Reversal JV Using Future Transaction Triggering

Process:

This job aid will take you through the process of creating a reversal JV transaction using future transaction triggering (FDT). This functionality only exists on JV transactions and will only create one reversal transaction.

highlight global search field for jv1stnd

2. Create JV1STND, JVC or other JV Transaction by referring to appropriate Job aids for assistance if needed.

highlight jv1stnd header tab gen info section fields

3. The JV will be populated in the FTT table with a Ready status after being finalized. The reversal date entered above will be used as the start date when the transaction trigger occurs. 

4. Navigate to Financial Transaction page by entering JV1STND in the Global search.

highlight the jv1stnd financial transaction box with transaction id entered and search selected

5. On the Standard Journal Voucher page select the Header tab.

highlight jv1stnd, header tab, 3 dot menu to select future transaction triggering

6. On the Future Transaction Triggering page enter the Transaction ID and click the Search button.

highlight future transaction triggering box enter transaction id and search

7. Once the trigger has occurred the FTT screen will be updated from Ready to Successful and a hyperlink will take you the created JV reversal transaction.

highlight future transaction triggering screen for created jv reversal transaction

8. The generated reversal JV will have it's own unique Transaction ID and will be in draft.

highlight jv1stnd accounting tab to review accounting lines
highlight jv1stnd accounting tab jv accounting fields