View Reversing Journals in Day Book TallyPrime: 5 Easy Steps

1. Why you Can’t View Reversing Journal in Day Book in TallyPrime

In TallyPrime, reversing journals don’t directly appear within the standard Day Book report. Here’s why:

1. Purpose of Day Book:

The Day Book chronologically lists all your daily financial transactions, including cash and bank transactions, sales, and purchases.

2. Reversing Journals: Specific to Scenarios:

Reversing journals are a special type of voucher used within scenarios, which are hypothetical situations for financial analysis.

They temporarily reverse transactions within the scenario, not your actual accounts.

3. Impact on Day Book:

Since reversing journals don’t affect your actual accounting data, they wouldn’t be reflected in the Day Book report, which focuses on real transactions.

2. Alternative Accessing Reversing Journals:

The primary way to view and manage reversing journals is through the Reversing Journal Register:

1. Gateway of Tally:

Open the Gateway (usually by pressing Alt+F12).

2. Display:

Navigate to “Display” > “Exception Reports” > “Reversing Journal Register” (This path might vary slightly depending on your TallyPrime version).

3. Go To Function (Alternative):

Alternatively, press Alt+G (Go To), type “Reversing Journal Register,” and press Enter.

3. Understanding Reversing Journals:

While not directly visible in the Day Book, understanding reversing journals can be helpful:

1. Scenario Analysis:

They allow you to temporarily reverse specific transactions within a scenario to analyze potential outcomes.

2. “What-If” Situations:

This helps you explore “what-if” scenarios, like reversing a sale to understand its impact on sales figures or inventory levels.

4. Viewing Reversing Journals Impact (Optional):

Although not directly in the Day Book, you can see the impact of reversing journals within a scenario on reports generated specifically for that scenario.

These reports might reflect the reversed transactions and their effects on financial statements.

5. In Conclusion:

Reversing journals are a valuable tool for scenario analysis in TallyPrime, but they wouldn’t be displayed in the Day Book report.

Access them through the Reversing Journal Register and consider the impact they might have on scenario-specific reports.