GL Account Balance Posting

The GL posting function evaluates the pending ledger entries to determine whether or not they affect account balances. For entries that satisfy both the following business rules, the GL account balance is updated:

Balance type indicates actuals or budget checking and

Balance type indicates encumbrance and object type does not indicate fund balance

GL account balances are updated according to the following rules:.

Balance Type

Debit Credit Code

Offset Generation Code of Balance Type

Action on Balance Amount

Balance Amount Updated

Budget (CB)

Any

Any

+ (Add)

Current budget balance amount

Actual (AC)

Default Debit/Credit Code for the Object Type

Any

+ (Add)

Actuals balance amount

Null/blank

N

+ (Add)

Other

- (Subtract)

Other

Any

- (Subtract)

Encumbrance

Default Debit/Credit Code for the Object Type

Any

+ (Add)

Encumbrance balance amount

Null/blank

N

+ (Add)

Other

- (Subtract)

Other

Other

- (Subtract)

More:

GL Detail Posting