4/12/2023 0 Comments Accounted money![]() Similarly, a budget journal entry must be created in an open budget year and an encumbrance journal entry created in an open encumbrance year.Īll the lines on a subledger journal entry must have valid accounts.īudget journal entries are not created for reporting currencies and secondary ledgers. The actual journal entry must be created in an open or future open GL period. The subledger journal entry must have valid monetary amounts. See: Subledger Journal Entry Balancing Rules.Įncumbrance journal entries can only be created for ledgers that are enabled for encumbrance accounting. ![]() In addition, actual and encumbrance entries must be balanced by balancing segment. A journal entry need not be balanced if it is a STAT currency entry. See: Subledger Journal Entry Line ValidationĪctual and encumbrance journal entries must be balanced in both entered and ledger currencies. See: Subledger Journal Entry Header ValidationĪctual and encumbrance journal entries must have at least two journal entry lines. The subledger journal entry must have one header. If any of these rules and validations are not applied successfully, the journal entry has an invalid status. ![]() High Level Definition of a Subledger Journal EntryĪ valid subledger journal entry must satisfy all the rules and validations listed below. Where applicable, information is also provided on the default values stored in subledger accounting tables. This chapter provides detailed information on the elements that make up a subledger journal entry and the validations enforced by Subledger Accounting. A common definition ensures the validity of all journal entries generated by Subledger Accounting. For users integrating subledger accounting into their applications, it is critical to have a clear and common definition of a subledger journal entry. The goal of Subledger Accounting is to generate journal entries for transactions that occur in subledgers. 18/19 Subledger Journal Entry Definition Subledger Journal Entry Definition Overview
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |