MANUALS > G/L Interface > G/L Interface Module > G/L Interface, Query Menu > Journal Entries Query > Journal Entries Transaction by Category and Code > LO/REVERSE

A 'LO/REVERSE' takes place when a Loan Order is invoiced. This transaction is used to zero out the original order cost.

Note: As part of the multi company functionality, orders that are created by a company or its parent company, when invoiced and reversed, will be reflected against the G/L.

This transaction is generated during the invoicing process of a 'LO/INVOICE'. Refer to that transaction for more information regarding a 'LO/REVERSE'.

Notice the Category Code in the Order tab reads 'LO/REVERSE'.

Note: After the Loan Order has been invoiced, seen as LO/INVOICE, if the L/O is converted to a Purchase Order, through the Loan To P/O button, then the Line Item at the Order level is re-opened to allow for the invoicing to be conducted for the Purchase Order, seen as PO/INVOICE, to which the L/O Invoice Journal Entry is then reversed after this action is completed.

For more information regarding Loan Orders, refer to the topic Loan Order via the Orders manual.