Validation

The following error suspense accounts are required by the ledger import process to post any balancing transactions it generates to compensate for an error, or a journal imbalance exceeding the currency Rounding Thresholds on the Business Unit Setup.

However, if the imbalance is caused by a currency conversion rounding difference within the Rounding Thresholds, then the balancing adjustment transaction is instead posted to the corresponding Balancing Account identified on the Business Unit Setup Value 1, Value 2, Value 3 or Value 4 tab, depending on the currency value being adjusted.

The following accounts are required regardless of whether or not you choose to post the current import file.

  1. Specify this information:
    Error Suspense Account

    The account code to which the balancing adjustment is posted if the base currency journal values do not balance, and the imbalance exceeds the currency Rounding Threshold for Value 1.

    Additionally, if you set the Post Transactions (On Import) option on the Posting tab to Post, and a journal transaction line is rejected, this account is used to post the rejected transaction. For example, if the account code on a journal transaction is invalid, or an analysis code is prohibited, this account is used as the substitution.

    Other Account

    The account code to which the balancing adjustment is posted if the transaction currency journal values do not balance, and the imbalance is not a currency conversion rounding difference.

    Note: In order for balancing adjustments to be generated and posted in the transaction currency, the Amount Balancing option must be set to Manual on the Value 2 tab of the Business Unit Setup.
    Reporting Account

    The account code to which the balancing adjustment is posted if the second base or reporting currency journal values do not balance, and the imbalance exceeds the currency Rounding Threshold for Value 3.

    Allow Over Budget

    This option overrides the budget controls and allows transactions to be posted if they exceed the available budget. See 'How are Transactions Checked Against Available Budget?'

    Default Posting Period
    The period to which any transactions with an invalid or absent accounting period are posted.
  2. Save your changes.
Parent topic: Entering the Ledger Import Run-Time Parameters