Why a batch needed to enter a journal
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Why a batch needed to enter a journal
Can anybody explain Why a batch needed to enter a journal ? Infact , a journal can be entered without creating a batch (in other accounting packages).But we see that in "Oracle financial " , a batch is a must in order to enter a journal. what is the benefit of creating a batch before journal entry ?
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- Posts: 5
- Joined: Wed Apr 04, 2007 12:48 pm
- Location: India
Thanks for the reply ! I am new to financial and appreciate the help available in this forum.
Yes, I know that if we do not create a batch and directly start creating journal, then oracle will internally assign a batch number.But the big question is why is oracle financial doing this extra work of creating batches ? why not oracle manages with only two tables "Gl_header" & "Gl_lines " ? why does oracle bring another table"gl_batches" into work ? How a does a batch helps identifying journal ? I may be asking a very basic question .Can anybody clarify this to me ?
Yes, I know that if we do not create a batch and directly start creating journal, then oracle will internally assign a batch number.But the big question is why is oracle financial doing this extra work of creating batches ? why not oracle manages with only two tables "Gl_header" & "Gl_lines " ? why does oracle bring another table"gl_batches" into work ? How a does a batch helps identifying journal ? I may be asking a very basic question .Can anybody clarify this to me ?
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i can give you a scnenario :
Assume there are 10 end users whose only job is to enter journals and posting will be done by thier supervisors . To have a better control on each and every person, we can create 10 Journal batches and ask each one to enter thier journals in thier respective batches, so that they can be held responsible for any errors in latter state ! It will provide a better control.
Assume there are 10 end users whose only job is to enter journals and posting will be done by thier supervisors . To have a better control on each and every person, we can create 10 Journal batches and ask each one to enter thier journals in thier respective batches, so that they can be held responsible for any errors in latter state ! It will provide a better control.
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