Is there a way to automatically reverse reconciling items next period?

Yes, when reconciling items are input or imported into a reconciliation, there is an option to mark them to be reversed out automatically in the subsequent period.

When directly inputting information for a reconciling item in a reconciliation, a checkbox can be checked to indicate that an item should be automatically reversed (see SS A) or it can be left unchecked to indicate that an item should not be automatically reversed in the next period..

SS A

When importing reconciling items into a reconciliation, a 'Yes' or a 'No' must be entered in the column labeled 'Auto Reverse' (see SS B).  A 'Yes' in the 'Auto Reverse' column indicates that that rec item should be automatically reversed in the next period while a 'No' in that column indicates that that rec items should not be automatically reversed in the next period.