---
title: "Reversing Postings"
description: "In Lucanet Lease Accounting, you have the option of reverse postings that have already been created or exported in the 'Reverse postings' workspace."
source_url: https://support.lucanet.cloud/en/documentation/lease-accounting/reverse-postings
language: en
last_updated: 2023-08-16
---
# Reversing Postings

## Overview

In the **Reverse postings** workspace, you have the option of reversing postings that have already been created or exported.

{% warning-box %}
Reversing a posting has the following consequences:

- All postings that have been generated but **not yet exported** will be **archived**.
- For every **[already exported](https://support.lucanet.cloud/en/documentation/lease-accounting/export-data.md)** posting, a corresponding contra entry will be created with the selected reversal posting date. Exporting the posting again causes the system to save the contra entry to the data archive.
- The measurements, modifications and/or reassessments of a contract component are not reset.
- After the posting has been reversed, contract components can be modified and reassessed and added with an effective date within the reversed periods.
- The **status** of the affected periods is set to **not posted**. These periods can be posted again after the posting has been reversed.
- **Existing** reversal postings and reversed postings remain unaffected.
- The reversal of a posting **cannot be undone**.
{% /warning-box %}

## Reversing Postings

To reverse a posting:

{% stepper %}
{% stepper-step %}
Open the **Reverse postings** workspace:

The ‘Reverse postings’ workspace

{% /stepper-step %}
{% stepper-step %}
Select the **contract** and the **contract component** for which you want to reverse the postings.
{% /stepper-step %}
{% stepper-step %}
Select the **period** from which you want to reverse the postings.
{% /stepper-step %}
{% stepper-step %}
Select the **reversal posting date**.
{% /stepper-step %}
{% stepper-step %}
Click **Reverse postings**.

{% /stepper-step %}
{% /stepper %}
{% warning-box %}
**{% u %}Note on configuration{% /u %}**

- It is only possible to select contracts and contract components that have been created for the selected reporting entity.
- The period from which the postings are to be reversed must be within the lease term and before the last payment.
- The reversal posting date must be greater than or equal to the start date of the contract component or the effective date of IFRS 16.
- The reversal posting date must be greater than or equal to the maximum posting date of the reversed periods.
- If the contract component is posted again, the new posting date for the reversed periods must be greater than or equal to the last active posting stamp for the relevant contract component.
{% /warning-box %}

## Example of a Posting Reversal

The following example illustrates how a posting is reversed:

**{% u %}Created postings{% /u %}**

- Accounting period January 2024 | Posting stamp: March 2024
- Accounting period February 2024 | Posting stamp: March 2024
- Accounting period March 2024 | Posting stamp: March 2024

**{% u %}**

**Input for posting reversal{% /u %}**

Reverse periods starting from: February 2024

**{% u %}Periods that will be reversed{% /u %}**

February 2024 and March 2024