What can be set to automatically reverse a journal on a selected date?

The option that correctly describes the feature which can be set to automatically reverse a journal on a selected date is the auto-reversing date. This function allows users to specify a particular date on which the journal entry will be automatically reversed, streamlining the process of adjusting entries in accounting. By utilizing this capability, businesses can ensure that reversals occur seamlessly without the need for manual intervention, thus maintaining accuracy in their financial records.

The other choices do not serve this purpose. The journal description is primarily for identification and does not affect the reversing process. The journal type categorizes the nature of the journal entry but does not determine when or if it will reverse. Similarly, the manual entry date is simply the date that a user specifies when entering the journal and lacks functionality in automating reversals. Therefore, the auto-reversing date is the crucial feature that enables effortless management of journal entries through automatic reversals.