A key that is used to classify journal entries and distinguish between business transactions to be posted. The journal entry type is entered in the journal entry header and applies to the whole journal entry.
The journal entry type has the following functions:
It tells you what sort of business transaction it is. This is useful, for example, when you display line items for an account.
It determines the account types (supplier, customer, or G/L accounts) to which postings can be made.
It allows you to assign journal entry numbers.
Each document type has its own number range. When you create a journal entry of a particular journal entry type, a number is automatically taken from the number range of that journal entry type and assigned to the journal entry.
It enables you to apply the supplier net procedure. This means that any discount and the net amount are calculated (and posted) when the supplier invoice is posted.
Here is a list of possible journal entry types:
Journal Entry Type |
Description |
|---|---|
AB |
Accounting Document |
DG |
Customer Credit Memo |
DR |
Customer Invoice |
DZ |
Customer Payment |
RE |
Invoice - Gross |
RN |
Invoice - Net |
RV |
Billing Document Transfer |
SA |
Journal Entry |
ZP |
Payment Posting |