About posting a journal entry

Posting is the process of updating General Ledger account balances with new transactions. You must post journal entries at least once in an accounting period to update account balances. You post by running the Journal Posting (GL190) program. Running the posting program:

• Posts released journal entries that match the parameters you define on Journal Posting (GL190)

• Creates balancing entries for interzone journal entries

  Note: Auto-balancing entries are only created if an entry is out of balance. This might be caused by rounding or a change in the exchange rate.

• Creates auto-balancing entries for journal entries that were created in the company base currency and posts them either to the auto-balancing system account (if the company uses the auto-balancing option) or the error suspense account (if the company does not use auto-balancing)

• Creates error suspense records for the error suspense system account

• Updates account balances

• Updates the account balance for the undistributed retained earning account directly; no journal entry is created for this

• Changes the journal entries to a Posted status

• Changes journal entry transaction lines to Historical status

  Note: The Journal Posting (GL190) program does not post journal entries that have a journal hold code assigned or journal entries that require approval in a Infor Process Automation application and are not yet approved.