At what stage is the subledger data posted to GL ?

Raja Giri Reddy

Dec 15th, 2005

When Transactions completed in subledgers data may be posted to GL

tgs100
Profile Answers by tgs100

Dec 16th, 2005

Basically after entering the transactions, report will be taken to verify the transactions. In case, if approval is needed, it is approved after verifying the transactions. Once you are sure that the transactions are correct, the same can be posted to GL. Once it is posted, most of the informations for the posted transaction can not be modified in the subledger. In case of any wrong entry, you need to follow the reversal procedure.

Practically, the verification of transactions are done only during the initial stages after implementation. Once the system becomes stable, it is not followed strictly.

Note : Make sure that GL period is open for the transaction GL date.

Shiv J Dey

Jan 24th, 2006

One important aspect everybody is forgetting that is to close all the periods in subledger after you reconciled all your transactions. Once you close the period sweep program will run and all the unposted and future entries will be transferred to next open period. Once this is done run the GL Transfer program and Journal import programs to complete the transaction transfer process. Once this is done you will find an unposted journal entries in GL you can post the same or reverse the same if you find something is missing. GL periods should also been opened and the GL period should be closed at the last.