Quick-posting

Quick-posting is a process that simulates posting so that you can update account balances for reports and inquiries. You must still run Ledger Journal Posting (ML190) to post the journal entry before you close the period.

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

• Account balances are updated. The changes display on Multi-Book Ledger and Report Writer reports and online inquiries.

• The journal entry status changes to Quick Post.

• 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