How to create a GL Transaction Entry?

To create a GL Transaction Entry, Login to the application, select “Financials” module.

Financials home page will be displayed.

Create GL Transaction:

To create a GL Transaction, select “Create Transaction” link from “Ledger” tab.

Create Transaction page will be displayed.

In Create Transaction page, enter the following details and click on “Create” button:

  1. Transaction Type: Select the type of transaction from the given dropdown.
  2. Transaction Date: Enter the transaction date.
  3. Posting Date: Enter the date when the transaction should be posted.
  4. Description (optional): Enter the description for transaction.

Transaction will be created and the system will navigate to ‘Transaction’ page.

To update the transaction, select “Edit” button in transaction page.

You can edit the required details in Update Transaction page and click on “Update” button. The edited details will be updated.

Create Transaction Entry:

To create transaction entry, select “Create Transaction Entry” button in Transaction page.

In ‘Create Transaction Entry’ page, enter the following details and click on “Create” button.

  1. Acctg Trans Id
  2. GL Account
  3. Organization Party Id
  4. Amount
  5. Currency
  6. Debit card flag
  7. Other details if required

Once transaction entry is created, it can be viewed in transaction page.

You can add any number of transaction entries.

Post GL Transaction:

To post the GL Transaction, In Transaction page select “Post Transaction” button.

Once the transaction is posted, ‘Y’ will be displayed in ‘IsPosted’ field.

Note: The transaction can be posted based on the Scheduled Posting Date entered for transaction.

Click on “Sequence Id” to view the Transaction entries details.

Transaction entry details.

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