Setting finance book postings

In this page you can set the finance book postings.

Select “Set Posting Finance Books” link under the “Account Group” business component.

The “Set Posting Finance Books” page appears.

The system displays the following fields:

Date Format

The format in which the date fields are displayed in this page. This format is displayed from the "User Preferences" business component based on the login user ID. In case the format is not defined, the system displays the date format from the “Enterprise Modeling” business component by default.

Enter the following in the “Posting Information” group box:

Entity Based Posting Finance Books for Expense Accounting

Use the drop-down list box to specify whether entity based posting of finance books for expense accounting is required.

Yes - Indicates that entity based finance postings for expense accounting is required.
No - Indicates that entity based finance postings is not required.

This parameter can be modified only if there are no accounting postings for the company.

The system leaves the field blank by default.

Finance postings are not applicable for 'Skill', 'Tools', 'Equipment', 'Others', 'Addl Parts' and 'Miscellaneous Expenses', if ''Entity Based Posting Finance Books for Expense Accounting' is set as 'Yes'.

To proceed, carry out the following:

Select the “Event Based Posting Book Information” tab to set finance postings at event level.
Select the “Entity Based Posting Book Information” tab to set finance postings at entity level.
Click the “Set Posting Finance Books” pushbutton to set the finance postings.

The system displays the following in the “Record Statistics” group box.

Last Modified by	The login ID of the person who last modified the finance posting.
Last Modified Date	The date on which the finance posting was last modified.