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IMOS On-Prem - Journal Entry

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IMOS On-Prem - Journal Entry

Owned by Adaptavist ScriptRunner for Confluence Cloud
Last updated: Jan 17, 2024 by Melanie Whitelock
4 min read

 This is a Key Topic, with high value for all users.

Journal Entries move money between accounts, so a Journal Entry includes a debit account and a credit account. The layout of the Journal Entry form is consistent with that of the Transaction Data Entry form.

Creating a Journal Entry

  1. In the Financials module center , under Transactions, click Journal Entries.

  2. Add a line for the debit and a second line for the credit information.

  3. On the Accounting View tab, complete at least the Comp, Vsl, and Acct for each line.

  4. Make sure that debits equal credits; the Journal Entry must net out to zero.

  5. On the Remarks tab, you can enter Invoice Details and Additional Remarks. On posting, the text is captured in the output invoice XML.

  6. To save the transaction, click .

Automatic Reversal

Journal Entries can be set to automatically reverse on a specified date. Select the Autoreverse check box and then complete the Reversal Date field. The date entered is used as the Accounting Date for the reversal.

A daily Scheduled Task must also be set in the Messaging Service. For more information, see Autoreversing Journal Entries in the Messaging Service Manual.

Deleting Journals

Journals can be rejected, but there is no option to delete them. To delete a journal, you must replace the existing journal that was run for a given period with a new one by recalculating Monthly Accruals and clicking .