If the accounting period is not "open," what status will the journal show when creating a reversal journal?

When a reversal journal is created in Workday and the accounting period is not "open," the system will indicate the status of the journal as "Created." This status means that the reversal journal has been successfully generated but has not yet been processed further, such as being submitted for approval or posted to the accounting system.

The reasoning behind this status is based on the operational constraints within Workday's financial reporting architecture. If an accounting period is closed, it prevents any postings, including reversals, from being finalized until the period is opened again. Therefore, the journal is held in a "Created" state, indicating that while the reversal is generated and ready to be processed, it cannot proceed until the necessary conditions (i.e., opening the accounting period) are met.

This status helps users understand that further action is needed before the journal can move into a submitted or posted status, emphasizing the importance of accounting period management in the Procure to Pay process.