Example

 

An object code correction needs to be made to a capital asset in a previous fiscal year. The JV allows the initiator to choose the posting period for the transaction, even if it is a prior year, and the type of balances to be affected, which is Actuals in this case. Because the JV does not generate any offset entries, users must enter all components of the transaction. The JV is typically restricted to a select group of users as it can be used to affect virtually anything in Kuali Financials, does not have to balance, does not route for approval, and does not generate offset entries.

 

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Non-Check Disbursement