Hi,
Are there any visible differences between Encumbrance Journals and normal JE. Expecting a quick reply.
Encumbrance
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- Posts: 194
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- Location: United Arab Emirates
Hi
Encumbrance Journal will have the Balance type of "E" and Actual Jouranl will have balance type of "A" and Budget Journal will have the type of "B"
The Journal entry form itsdelf different for Encumbrance Journals and actual Journals in GL.
Encumbrance Journal will never be part of your Trial balance whereas actual Journals are part of Trial Balance
Encumbrance Journal will have only three Types Commitment, Obligation and Invoice whereas Actual Journals will be generated based on Transaction Type in each Sub ledger like AP, AR and Inventory
Hope this helps
Regards
Sivakumar
Encumbrance Journal will have the Balance type of "E" and Actual Jouranl will have balance type of "A" and Budget Journal will have the type of "B"
The Journal entry form itsdelf different for Encumbrance Journals and actual Journals in GL.
Encumbrance Journal will never be part of your Trial balance whereas actual Journals are part of Trial Balance
Encumbrance Journal will have only three Types Commitment, Obligation and Invoice whereas Actual Journals will be generated based on Transaction Type in each Sub ledger like AP, AR and Inventory
Hope this helps
Regards
Sivakumar
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