Creating Adjustment Entries – A summary of the activity

These entries are passed in the “Consolidation” finance book of the company. Adjustment entries are required to be passed in certain account codes to eliminate inter company transactions. An adjustment entry can be passed for all the consolidation account codes that have been included in the list of account codes for which consolidation finance book journal vouchers can be passed.

This page allows you to enter the details of the account codes and the adjustment amount. There can be multiple debits and credits. The system calculates and displays the sum total of all the debit and credit amounts in the base currency of the company. The system also calculates and stores the total debit and credit amounts in the parallel base currency of the company (if applicable). The system generates a unique number identifying the voucher if the automatic numbering type has been opted. The system updates the status of the newly created voucher as “Authorized”. The system also stores the login ID of the user and the system date along with the voucher details.