How to reverse Adjustment entries created for Prior year

smkolsoft

Dear All

I am running Navision Ver4.0 SP3 .
My Inventory Setup is as following

Average Cost calculation Type = Item,Variant,Location
Automatic Cost Posting = Yes

Costing Method of Item is Average

I have following Entries in ILE

Posting date Qty Cost Amount(Actual)
01/12/08 1 10
02/12/08 1 10
31/12/08 -2 -20 (Reversal Entry)
31/12/08 1 25 (Opening Bal Entry)


The 3rd entry was passed to negate the stock as on 31.12.08.
The 4th entry was the Opening for year sarting on 01.01.09

After this we ran the Adjust Cost entry with Closing Period Posting Date as 01.01.09

System passed a revaluation entry for Entry No 3 as
Posting date= 01.01.09
Valuation date = 31.12.08
Valued Qty =0
Cost Amount Actual = -10

This was perfect.

But we need to reverse this Adjusted entry cretaed by the system on 01.01.09 .

How to achieve this ?
Any suggestions will be of great help.

Thanks

ara3n

Are you using 5.0 or greater? You can use Inventory Period to specify the dates that are closed and I believe adjust cost will post after that.

smkolsoft

I am using Nav Ver 4.0 SP3

ara3n

I reread your post, you want to reverse the adjustment? may I ask why?