7/25/2019 TOPIC How to Transfer Journal entries to General Ledger.docx

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How to Transfer Journal entries to General Ledger

In Release 12,

there are two ways in which accounted transactions in subledgers can be transferred to General Ledger:

1) By running "Create Accounting"Program with ransfer to GL !arameter as "#$

2) By running "Transfer to General Ledger"Program

In normal conte%t e&en though both these !rograms transfer subledger entries to general ledger, there is one

significant difference between this !rograms'

Before going to the differences lets see how these !rograms wor(s first,

1) Create Accounting Program

hen the user runs create accounting !rogram for a subledger *+P +R etc''), the !rogram first !erforms

accounting for transactions that are eligible to be accounted and then transfers the accounted entries to

General Ledger'

2)Transfer to General Ledger Program

hen the user runs transfer to general ledger !rogram, all accounted entries in subledgers that are not

transferred to general ledger are !ic(ed u! by the !rogram and transferred to general ledger'

Can you spot the difference from the above explanation ?........

he difference is, -R#+# +--./0I0G PR.GR+ .#$ 0. R+0$3#R +LL 4./R0+L #0RI#$ .

G#0#R+L L#G#R #5#0 6./G6 6#" +R# #LIGIBL#

whereas R+0$3#R . G#0#R+L L#G#R PR.GR+ R+0$3#R$ +LL +--./0# R+0$+-I.0$

. G#0#R+L L#G#R'

Then what entries does create accounting transfer ?

-reate +ccounting !rogram transfers transactions which are accounted by the !rogram and does not ta(e in to

consideration of the transactions that are accounted yesterday or the day before or any other create accounting

!rogram !rior to the current one'

Suggested way to Transfer entries to General Ledger.... ?

0e&er use transfer to GL !arameter while doing create accounting at subledgers' +lways run the ransfer to

General Ledger !rogram se!arately, so that troubleshooting will be sim!lified'