Creating Accounting Journals from Summarized Recognition Transactions

To create Accounting journals from a single summarized recognition transaction, click Create Summarized Journal on the transaction's detail page. A message is displayed when the summarized journal has been created.

To create Accounting journals from multiple summarized recognition transactions:

1. Click the Recognition Transactions page.
2. Choose a view from the drop-down list.
3. Select the transactions you want to create as journals. If you select a transaction that has not been summarized, does not have the status "Committed" and a valid Grouped By value, or that is already linked to an Accounting journal, it is ignored.
4. Click Create Summarized Journals.

The journals are created by a background process. You are emailed when the process finishes.

The journals are created with the status "In Progress".

Note:

If you create a journal for a recognition transaction that you later discard, the journal is not reversed by the discard process. You must reverse the journal according to your own business processes.

Create Journals or Create Summarized Journals

If both Create Journals and Create Summarized Journals buttons are available, note that:

• The Create Journals button creates journals from a recognition transaction's lines.
• The Create Summarized Journals button creates journals from a recognition transaction's summaries.

Your administrator might have removed the Create Journals button if your business process requires that you always create journals from recognition transaction summaries.