Transaction Journal FAQs

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General

 

Expand or collapse item How do I format the Transaction Journal?

Use the General Ledger Transaction Journal Format window to format the transaction journal. Formatting the transaction journal allows you to enter transactions with less data entry. If the Bank Reconciliation module is integrated with General Ledger, you can enter default information for the Bank Reconciliation fields that appear on the Transaction Journal Entry Header tab. To format the Transaction Journal, see Create Default Settings for a Transaction Journal Entry.

 

Expand or collapse item In Transaction Journal Entry, what determines the Debit/Credit orientation?

Use the General Ledger Transaction Journal Format window to set either a debit or a credit for the transaction side of the entry. If Debit is selected in the Offset field, the offset account number is debited and the accounts on the Transaction Journal Entry Lines tab are credited. If Credit is selected in the Offset field, the offset account number is credited and the accounts on the Transaction Journal Entry Lines tab are debited.

 

Troubleshooting

 

Expand or collapse item My transaction journal is not posting to Bank Reconciliation. I have selected the “Integrate General Ledger with Bank Reconciliation?” checkbox in General Ledger Options.

The transaction journal must be formatted correctly in order to post to the Bank Reconciliation module. In the General Ledger Transaction Journal Format window, in the Transaction Type field, select the appropriate transaction type: Bank Transfer, Check Number, Adjustment, or Deposit. You can also enter default information for the Bank Reconciliation fields that appear on the Transaction Journal Entry Header tab. For more information, see Create Default Settings for a Transaction Journal Entry.

 

Expand or collapse item Why is the Bank Code field grayed out in Transaction Journal Entry?

The transaction journal must be formatted correctly in order for the Bank Code field to be available. For more information, see Create Default Settings for a Transaction Journal Entry.