How to Delete a Standard Journal

You can delete unused or inactive Standard Journal lines. When you delete a Standard Journal line, all the associated journal entries are also deleted. However, there are implications, like prior period entries associated with these journals impact the financial reports of that period. Furthermore, if the journal is a recurring journal, it will impact the consolidation process in the future period. You can select many Standard Journal lines at once and delete them. To do so, click the checkbox in the column header to select all Standard Journal Entries.

Perform the below steps to delete a standard journal:

1. Navigate to Consolidation to open the Consolidation Control Panel.

2. Select values for Scenario, Period, and Entity.

3. Click Standard Journals.

4. Select the Standard Journal line you want to delete. Or select the checkbox beside Code to select all the lines and delete them.

5. Click Delete.

   

6. In the confirmation dialog that appears, click OK.