what is the point of posting a journal entry?

Question

Posting an entry from an accounting prespective is taking the information from the journal and putting it on the ledger, but that is done automatically. So, what is the point of posting an entry?

Fabien Pinckaers (fp) · Answer

Draft journal entries can be modified. They are not considered as part of the ledger, they are not included in legal reports. Posted journal entries can not be modified anymore and appear on legal reports.

Ray Carnes · Answer

One business case is that POSTED journal entries are those that have ACTUALLY happened.  If you write a check, or receive payment from a Customer - it may still take time for the check to be deposited and for the payment to be batched from the credit card processor.  The draft Journal Entry indicates you EXPECT funds to move, the posted Journal Entry indicates you have confirmed from the bank that the funds have ACTUALLY moved.

Gerelateerde posts	Antwoorden	Weergaven
Odoo15 how to update credit and debit of journal entry on multi currency accounting journal journal_entry v15	1 nov. 23	3088
"Cannot create unbalanced journal entry" when closing POS session accounting pos journal journal_entry	1 feb. 19	4984
In OpenERP 7 How do I reconcile a payable line from a manual journal entry with another payable line from another manual journal entry? accounting journal journals journal_entry	0 mrt. 16	3427
Error on General Journal accounting v8 journal journal_entry	1 apr. 15	4651
What is the purpose of Journal Entries and Journals in Odoo? Opgelost accounting journal_entry	3 mei 24	8354

Deze vraag is gerapporteerd

Geniet je van het gesprek? Blijf niet alleen lezen, doe ook mee!