Creating the general ledger journal
Note: This feature is available only if you are licensed for General Ledger Interfaces.
The GL Journal feature allows you to transmit your cumulative iMIS-generated accounting transactions to the GL module monthly or more frequently.
Before exporting your GL journal data, print an audit trail report by selecting Transaction Lists from the Report Types drop-down list to review what you are about to export. The appropriate report choice may depend upon the summary level you selected for the GL interface entry. If you summarize at the monthly level, a recommended selection is Transaction Lists from the Report Types drop-down list and then the AR/Cash Distribution Summary report from the Available Reports drop-down list. You should also print a trial balance by selecting Account Status from the Report Types drop-down list and Trial Balance from the Available Reports drop-down list.
When the GL interface is run, the following actions are performed:
- Entries are created to move deferred income to current income
- Due To-Due From tables are created as needed
- The transaction posting flag is set so that the transaction cannot be posted again
Note: For more on the GL Journal feature and specific GL packages, see General Ledger Interfaces.