How to cancel a posted JV

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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aganguly
Posts: 60
Joined: Fri May 18, 2007 9:41 am
Location: India

How to cancel a posted JV

Post by aganguly »

By mistake I have created a JV and posted that. Now I want to cancel that JV.

Which of the following solutions would be the best .

1. Create a new JV and rectify the problem.

2. Reverse the JV and post the reversed JV.

Thanks.

Amitava
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oracleapps1983
Posts: 256
Joined: Thu Aug 07, 2008 3:48 am
Location: USA

Post by oracleapps1983 »

Reverse the JV and Post the reversed JV. Because from which journal it is reversed is Tracked.

You can go for Manually creating reversing journal but u have to give Referencing JV will be missed and also scope for Worn Entries.

Regards
Oracleapps1983
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luckykiriti
Posts: 34
Joined: Thu Apr 17, 2008 6:00 pm
Location: USA

Post by luckykiriti »

Hi,

Reverse the journal and post the reversal entry.

You cannot cacel a posted Journal.

Thanks,
Kiriti V
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