GL Journal Entry Types

Transcription

1 Sonoma State University - CMS Finance Page 1 of 14 GL Journal Entry Types Overview PeopleSoft has delivered a 10-character alphanumeric ID that identifies a journal. At a minimum, PeopleSoft General Ledger journals consist of a header and entry lines. The header contains the information that uniquely identifies the journal: business unit, journal ID, and journal date. In addition, PeopleSoft General Ledger delivers various tools to facilitate Journal Processing, which are commonly referred to as Journal Entry Types. A list of the journal entry types, attributes and an overview of their definitions/functions are included in this documentation. A table of recommended journal methods for various Sonoma Journal Entries follows. Please refer to PeopleBooks for more detailed information about the Journal Entry Types and Journal Entry Attributes. Journal Entry Types PeopleSoft provides different methods for processing journal entries. These are: 1. Journal Entry/Regular. This provides online entry of a basic journal. The other journal entry types are variations of Journal Entry/Regular. Navigation: General Ledger > Journals > Journal Entry > Create Journal Entries

2 Sonoma State University - CMS Finance Page 2 of Standard Journal Entry. To date, Sonoma has not used SJE functionality. This type of Journal uses Journal Entry/Regular as the foundation for creating the two types of Standard Journal Entries: A. Template. This allows you to automate the entry of similar or identical journal entries. It does not copy the monetary amounts in the successive journal entry. B. Recurring. This allows you to automate the entry of similar or identical journal entries. It copies the monetary amounts in successive journal entries. It can be created across accounting periods or for multiple accounting periods. Navigation: General Ledger > Journals > Standard Journals Before you can define recurring, template, or spread journals, you must first create Model Journal Entries using the Journal Entry pages. The standard entries and their models must be from the same business unit. 3. Copy Journal Entry. This uses an existing journal entry as the basis for a new journal entry and makes a copy of an existing journal entry, including dollars. You can copy any journal entry and then change the header or detail lines. You can also indicate that debits and credits should be reversed. Navigation: General Ledger > Journals > Journal Entry > Copy Journals

3 Sonoma State University - CMS Finance Page 3 of 14 Journals can also be copied from the lines page of an existing journal. 4. Allocation Type Journal Entry. This allows for an allocation process to calculate the values to be included in the journal entries. Allocations are typically used to allocate certain balances and statistical quantities across Business Units, Funds and/or Departments. Navigation: Allocations > Set up and Perform Allocations > Request Allocation 5. Import Journal Entry ( Upload ). This creates journal entries by importing an external file. In CFS, there are two methods for journal entry import: A. Upload a flat file B. Batch Import of Excel Spreadsheet Format At Sonoma, we upload flat files.

4 Sonoma State University - CMS Finance Page 4 of 14 Navigation: General Ledger > Journals > Import Journals > External Flat Files At Sonoma, we upload flat files that are created by macros in an Excel document called Journal Reclass. End users enter journal information in the document and it to [email protected]. Financial Services Accountants are responsible for clearing from this address on a daily basis. Financial Services staff review the JE s for accuracy and supporting documentation, add offsets and invoke macros that create a flat file for upload. This form is also used by Financial Services staff to upload their own Journals. This functionality allows multiple Journals to be uploaded in a single file. 6. Journal Generator. PeopleSoft can receive and process journals from other systems, both PeopleSoft systems and non-peoplesoft systems. Journals from PeopleSoft HCM/SF for cashiering and LCD payroll journals, as well as journals from the PeopleSoft Accounts Payable and AR/Billing subsystems are generated using this method. In CFS, these processes are job scheduled by CFS Central to generate subsystem journals and edit, budget check and post on a nightly basis.

5 Sonoma State University - CMS Finance Page 5 of 14 Navigation: General Ledger > Journals > Subsystems Journals > Generate Journals

6 Sonoma State University - CMS Finance Page 6 of 14 Journal Entry Attributes Attributes are options that can be specified within PeopleSoft Journal pages. 1. Reversal Attribute. This is used with an accrual entry and creates the subsequent reversal. Reversal is an attribute of all journal types. When the original entry is posted, a reversing journal entry is created and is posted based on the reversal date specified on the header panel. Click on the Reversal hyperlink to select the appropriate reversal options. Navigation: General Ledger > Journals > Journal Entry > Create Journal Entries > Header 2. Adjusting Attribute. This attribute is used for journal entries you would like to exclude from the traditional twelve detail calendar periods. PeopleSoft functionality permits the creation of multiple adjusting periods. At Sonoma, we use adjusting periods for GAAP reporting. If a journal is not an adjusting entry, you cannot change the accounting period value. The journal date determines the

7 Sonoma State University - CMS Finance Page 7 of 14 accounting period to which the entry will post. The adjusting attribute is not available for Allocation type Journal Entries. Navigation: General Ledger > Journals > Journal Entry > Create Journal Entries > Header 3. Template Attribute. Template attribute is on the Journal Entry Lines page. Click Template List. Select the template that defines which columns appear in the lines scroll area. Also specify the field values to be copied down to new lines when the user clicks the Insert Journal Lines button. Navigation: General Ledger > Journals > Journal Entry > Create Journal Entries > Lines

8 Sonoma State University - CMS Finance Page 8 of Errors Only Attribute. Errors Only attribute on the Journal Entry Lines page is checked to refresh the Line scroll area with only journal lines that contain errors. Navigation: General Ledger > Journals > Journal Entry > Create Journal Entries > Lines

9 Sonoma State University - CMS Finance Page 9 of Change Values Attribute. Change Values attribute allows you to change the value of any element in the Journal Lines (Funds, Accounts, etc.) from one value to another. For instance, you could change all instances of Fund SO700 in the Journal Lines to SO100. NOTE: This functionality should be used rarely and only with non subsystem journals. Subsystem journals should never be changed. Doing so compromises the integrity of subsystem detail reconciliation to General Ledger balances. Navigation: General Ledger > Journals > Journal Entry > Create Journal Entries > Lines

10 Sonoma State University - CMS Finance Page 10 of Search Criteria Attribute. When looking for information in the Journal Lines, click Search Criteria. The Search Criteria attributes include wildcards to assist in finding the exact information needed in a search. This attribute can be useful for Journals that have many lines. Unless you enter one of the following wildcards, it is assumed that you want an exact match: Navigation: General Ledger > Journals > Journal Entry > Create Journal Entries > Journal Entry Lines Wildcard Description % Match one or more characters * Match one or more characters _ Match any single character? Match any single character! If first character, negate the user (not equal or not like) ~ Tilde represents a blank character this should not be used with any other characters or wildcard symbols \ Escape character don't treat the next character as a wildcard

11 Sonoma State University - CMS Finance Page 11 of 14 Sonoma Journal Entry Types Matrix Journal Entry Type Regular Template Recurring Copy Allocations Upload AD NOATS/CPO's Allocate Interest (SWIFT/SMIF) Budget Sub Systems/ Journal Generator Cashiering CashNet, SF Corrections Expenditure Transfers Fixed Assets nps or PS AM module Indirect cost recovery: Grant Indirect CFS SPA Mod Institutional overhead fees EO1000 Payroll Abatement (Setups & Pmts) Reimburse Cost Recovery from Other Univ Funds and Auxiliary BU s PS (AP, SF ) nps CashNet PS (AP, SF ) nps CashNet Risk pool premiums SCO cancelled warrants SCO fee for retro Payroll SCO initiated (DGS, Teale) Tax Offset Chargeback Type Entries: Chgbks Work Orders (Facilities, Repro, IT, Police) PS (AP, AR/BI, SF) nps CashNet Chgbks - CES PS (AP, AR/BI,SF) nps CashNet Chgbks - Phone PS (AP, AR/BI,SF) nps CashNet Chgbks - Postage PS (AP, AR/BI,SF) nps CashNet

12 Sonoma State University - CMS Finance Page 12 of 14 Journal Entry Type Regular Template Recurring Copy Allocations Upload Sub Systems/ Journal Generator Financial Aid Entries: Financial Aid Awards/gross award to student FWS matching/ Admin fee Pell & SEOG alloc & changes Perkins activity Stafford loans deposits Draw down for DOE, DHHS, Fed FA Year-End Type Entries: Payroll accruals Other Accruals PS (AP, AR/BI,SF) nps CashNet Revenue Accruals (Grants & AR) Closing Revolving Fund Encumbrance Accruals Allocation Orders Pending Reserve A/R Reverting appropriations transfers Cash over/short CSU GL 015 PS: PeopleSoft Application PS Subsystem (PS AP, AR/BI, SF) NPS: Non PeopleSoft Application

13 Sonoma State University - CMS Finance Page 13 of 14 Common Elements Used on Journal Entry Pages Element or Description Control the order of columns or add fields to the sort order for a grid. Appearance of the customize page depends upon the grid. (Change Values) Find a value by entering the search string (Change Values) Download file (Change Values) Expand the grid or scroll to view all data (Change Values) Click to initiate the calculate amounts process Delete journal Journal and Budget Status Codes Journal Status Select the Show All Columns button to view all ChartField, Amount and Miscellaneous columns without the tabs (Template List) Select the Show Tabs button form the all columns view to return to the tab format (Template List) If the journal contains errors, click Journal Status to go directly to the Journal Entry Error page. The cursor will be positioned on the journal header error. Journal Entry Incomplete functionality should be used sparingly on an exception rather than routine basis. Journals that are left in Incomplete status should be completed no later than the next business day. Journals should never be left in Incomplete status on the day assigned for month or year end closing. Status D E I M N P Description Deleted Anchor Journal Unposted Journal has Errors Posting Incomplete Repost ASAP Valid SJE Model Do not Post No Status Needs to be Edited Posted to Ledger(s)

14 Sonoma State University - CMS Finance Page 14 of 14 Status T U V Z Description Journal Entry Incomplete Unposted Valid journal Edits completed Upgrade Journal Cannot Unpost Budget Journal Status Note: The budget status would be only N or V for Standard Budgets. Status E N V Description The entry failed to pass budget checking. (Control Budgets only) The Budget Processor has not processed the entry The entry passed budget checking with or without warning and the control budget has been updated