What Is a Journal Hold Code?

Journal hold codes prevent transactions from posting in General Ledger. You can assign a journal hold code to a manual journal entry or to an entire system code. If you assign a journal hold code to a system code, all journal entries originating from that system are on hold until you remove the hold code. You can use journal hold codes to prevent transactions from posting in General Ledger when you run Journal Posting (GL190).

Example

LGE wants to review all accounts payable transactions before posting. By assigning a journal hold code to the Accounts Payable system code, they automatically assign the journal hold code to all transactions that are transferred from the Accounts Payable application.