Setup

To automatically reverse gain or loss entries

Use this procedure only if your transactions are unchangeable. (Choosing changeable or unchangeable transactions)

1. Display the General Journal entry for the previous month's unrealized gains and losses in the Record Journal Entry window.



2. Choose Reverse General Journal Transaction from the Edit menu. After a few moments, a new transaction, containing amounts exactly opposite of the amount in the General Journal entry will be displayed in the Record Journal Entry window.



3. Enter the date (generally the first day of the current month) and a memo that indicates you're reversing the previous month's unrealized gains and losses.



4. Click Record to record the reversed General Journal entry.

Related topic

• Recording unrealized gains and losses