TRIRIGA Journal Entry Setup

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Journal entries were introduced in the 10.5.3 release.  Processing Journal Entries will create a Data Transfer Object (DTO) file for exporting to ERP General Ledger systems.  In order to use journal entries, there is some setup that is required before using them.  It uses a combination of existing and new functionalities.

Prior to any journal entry activity, data must be populated in the following tables:

• Business Units
• Business Units General Ledger Codes
• Business Units General Ledger Segments

The Process

• Create a new business unit within the Organizations application, under My Company.    
• Using the new function under Contracts-> Financials called Lease Accounting Close Period, you want to create an initial close and open period for the business unit
• Under the new function Contracts -> Contract Setup -> Business Unit General Ledgers to create a general ledger for the business unit.
• Using Classifications -> General Ledger Codes to create Real Estate Codes that gets associated to Business Unit
• Then using the new Lease journal Entry Setup under Contracts -> Contract Setup you will set up your journal entries.  Specifying it for real estate or asset, the calendar, period, etc.  You will need add a debit and credit GL code.   And lastly the calculation to be used for the journal entry.

For additional information on this, I suggest you check out the Lease Accounting Guides found here

https://www.ibm.com/developerworks/community/groups/service/html/communityview?communityUuid=9e3a5b9d-6a06-4796-a6c1-5137b626e39c#fullpageWidgetId=W89a8af160e64_4167_a047_b5bc553dcaf4&folder=cfea06e4-f8f1-4bdb-bcac-38e2cebad23b&sort=modified

Once you have completed the setup you are good to go.  For more specific detailed steps, you can go here and watch a video that walks through this process.

https://www.ibm.com/developerworks/community/wikis/home?lang=en#!/wiki/IBM%20TRIRIGA1/page/Lease%20Accounting%20Videos