Adding new journals

To add a new journal:

  1. Select Administration > Architect > Model Management > Journals.
  2. Check out all dimensions.
  3. Select the journal type to be added.
  4. Click the Actions button and select Add Journal.
  5. Specify the information in these tabs:
    • Properties
    • Definition
      • For Intercompany Eliminations journals, select an account. In the Match table, select the matching accounts for intercompany eliminations transactions. In the With table, select the accounts to which any remainder should be posted.
      • For Ownership, Reclassification, and Reference journals, select the destination line and the source lines for the data.
  6. Click Save. After saving, click OK.
  7. To validate journal definitions, select Activity > Audit. Click Yes. Optionally, you can select the Save changes if no errors are detected check box before running the audit.
  8. To check in journal definitions, select Activity > Check In. Click Yes.
  9. To release the changes to the production database, select Activity > Release. Click Yes.