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.

 

GL account balance update business 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