Function documentationControl Account Reposting: Czech Republic, Hungary, Poland, Russia, Slovakia Locate this document in the navigation structure

 

This function creates a new journal entry from a posting on the control account. The application uses this for posting special accounts that are parallel to the control account; therefore, balances on the control account are not affected.

This function can be useful when:

  • You are preparing financial statements during end-of-year procedures

  • You need to present certain transactions, for example, down payments to a business partner, in different rows of financial statements

Prerequisites

You need to specify a transaction code for each posting on the control account. You can do this by editing the journal entry that is behind the marketing document, for example, an A/P invoice.

For more information, see   Financials   Journal Entry  .

Activities

The system summarizes in the control account all transactions for specific business partners, specific transaction codes, and defined dates, and displays them in a window. You can still select or deselect individual transactions in the results.

The system posts the sum of all selected transactions to source and target accounts. In financial statements:

  • The source account should be under the same title as the control account (it decreases the balance of the control account).

  • Target accounts should be presented under a different title than the control account.

Note Note

The Transaction Code field remains editable after transaction posting (for example, journal entry). If control account re-posting is performed you can still change the transaction code value for individual posting/journal entries. This action is not recommended because of inconsistency between transactions with a particular transaction code value and those with a re-posted amount. Additionally, a high level of inconsistency might occur if the control account reposting function is executed twice for the same transaction(s), but with a changed transaction code.

End of the note.

You can also specify automatic reversal of the posting on a future date.

Example

We have selected the following transactions with a business partner for re-posting:

Transaction number

Debit side

Credit side

1

100

2

50

3

100

The system performs reposting as follows:

Account

Debit side

Credit side

Source account

150

Target account

150

The system performs automatic reversal, if set, as follows:

Account

Debit side

Credit side

Source account

-150

Target account

-150