What Is Quick-Posting?

You can quick-post a journal entry to update account balances for reports and inquiries. Quick-posting only simulates posting; you must still run Journal Posting (GL190) to post the journal entry before you close the period.

When you quick-post a journal entry, the following events occur:

• Account balances are updated. The changes appear on General Ledger and Report Writer reports and online inquiries.

  Note: Once the Reverse field is set to Yes on Additional Information (GL45.2), you can indicate if specific transaction lines that are added should be set to auto reverse. Reversing journal entries are created when you run Period Closing (GL199).

• Updates journal entry header records to a status of Quick Post.

• The journal entry status changes to Quick Post.

• Changes journal entry transaction lines to a Historical status.

• Sequential transaction numbers, if used, are assigned to the journal entry at the journal book or company level.

  Note: You cannot back out and change a quick-posted, intercompany journal entry.

If needed, you can back out and change a quick-posted journal entry to correct errors before posting. Quick-posting to a previous period is allowed only if the period is open for backposting. Maintaining journal entries