JE provides the following functionality: There are two main components of the Journal Entry module:. Account numbers are assigned to these entries using the values of the required account category attributes found on the PRA transaction being processed.
Journal Entry represents the accounting and disbursement side what accounting entries are made of PRA, whereas Valuation represents the volumes and values side what volumes are involved, and how are they valued.
The accounting period must be open to be accepted. Accounting Category.
Initial Screen: You can use this to create new journal entries manually, and to display, change, and delete existing journal entries. Initial Screen , there are three ways that you can proceed, depending on what you want to do: Change, display, or delete existing records Enter the data for your search and then select Find Records.
This can allow for auto-certification of a key control or task once a journal entry has been posted. Document types and other criteria may represent a majority of the entries, but segregation of duties or access concerns often prevent SAP criteria from being a silver bullet.
Finance Transformation Blog Series. Manual Journal Entry. These fields are determined by the account type as originated in the Account Maintenance transaction.
Those situations are the following:. The ultimate goal of JE is to have financial data saved in tables, representing financial transactions that have taken place in PRA. Account number determination Several areas of PRA generate journal entries.
Many financial postings can be automated, such as inventory movements or foreign currency revaluations. Provides the ability to flag manual batches so that they will be automatically reversed in the next accounting period.
On the JE Batch Control screen, you create a batch with batch control data see: Use this to create the JE Detail data for a manual journal entry batch. Batch type A code used to classify batch information. Used to uniquely identify a group of journal entries. Automated processing and financial integration. On the Manual Journal: If BlackLine is the single starting point for all manual journal entries, this solves a significant audit challenge and easily isolates the population.
Maintenance of default account numbers that are used in PRA processing, when certain types of accounting entries are made for example, the default account used to book royalty payables.