Overview:
The General Journal Entry window allows you to transfer costs from one area in an organizational unit (OU) to another area within the same OU or within a different OU. You can transfer these costs between balance sheet OUs if you set up PENTA to allow automated inter-company transactions. In general, you can only post journal entries to non-sub ledger accounts. Exceptions to the rule are the following tabs of this window, which handle sub ledger activity:
- Job Cost
- Asset
- Account
- Work Order
Benefits:
- The ability to transfer costs to and from multiple distribution types between different organizational units
- This process will automatically create inter-company payables and receivables when journalizing between balance sheet organizational units
Roles:
- Staff Accountant
- Accounting Manager
- CFO
Location:
- Financial & Accounting > Data Entry > Journal Entries > Journal Entry
Video: