for journals in netsuite, reverse charge works? the gl impact is not correct.

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that reversing journals in NetSuite is possible and the GL impact can be corrected. However, the process may require some additional steps or custom scripting depending on the specific scenario. In the first thread, the user wanted to track returns and have the return 'revenue' booked to a separate GL account. The community suggested that this could be achieved through custom scripting or using a GL plugin. A GL plugin can update the GL to the account of the user's choosing. Another user mentioned the Sales Returns Accounting SuiteApp that can automatically handle this using a GL plugin. In the second thread, the user wanted to reverse an order that was incorrectly sent. The community suggested that an RMA (Return Merchandise Authorization) could be used to reverse the GL impact without the need for a Journal Entry (JE). The RMA can be started prior to getting the stock returned and there will be a 'Receive' option on the RMA to process an Inventory Receipt (IR) once the stock is back. In the third thread, the user wanted to reverse an intercompany elimination entry. The community suggested using an advanced intercompany JE to reverse in the same month. This way, the reversal nets out and avoids duplicate eliminations in future periods. However, it was also mentioned that if the elimination GL accounts weren’t set up correctly from the start, the system-generated elimination entries might not be accurate. In such cases, it might be necessary to reverse it in the same month to ensure the next run nets out to zero. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******