Approve Journals

You can add an approval process to company and group journals before the status for the journals is set to Approved.

You set the permission to approve journals in the Maintain/Rights/Security Groups window, on the Approval of Journals tab.

New reports are available to show unapproved journals in the Company/Approve Company Journals and Group/Approve Group Journals windows. The user with approval rights can check these reports, and then approve the journals in the Company/Data Entry - Company Journals and Group/Data Entry/Group Journals windows.

If a consolidation is performed with unapproved journals, this will be reflected in the consolidation report.

Procedure

  1. On the Maintain menu, select Configuration/General. The General Configuration window opens. Select the General 3 tab.
  2. Select the Use Report Generator for Weekly Reports check box to enable you to select weekly actualities when generating reports.
  3. Select the relevant journal options:
    • Debit/Credit Layout on Journal and Investment Dialog: Displays a debit and a credit column when entering data for company journals, group journals and investments. If this option is not selected, the data entry windows will display one column for entering the amount as +/-.
    • Journal Update According to reconciliation Between Accounts: Automatically posts amounts entered on specification accounts in company or group journals to accounts on the balance sheet or income statement, as defined in the account structure, Reconciliation Between Accounts, Account 1. This setting only applies to Account 1 in Reconciliation Between Accounts.
    • Copy Reversing Journals According to Alternative Rules: Select this option to be able to choose the Alternative Copy Rules for Reversing Journals in the menus Maintain/Account Structure/Define and Maintain/Account Structure/Movement Extensions - Define.
    • Copy Non-reversing Journals According to Alternative Rules: Select this option to be able to choose the Alternative Copy Rules for Non-reversing Journals in the menus Maintain/Account Structure/Define and Maintain/Account Structure/Movement Extensions - Define.
    • Copy Journals Without Changing the Journal Number within fiscal year: Select this option to keep the same journal numbers within the fiscal year, even if there are available numbers before the current journal number.
    • Copy Journals Without Changing the Journal Number over year-end: Select this option to keep journal numbers over the year-end. This is necessary if you use accounts with conversion code C, such as on the translation difference account on the Equity specification. If you select to copy only fixed/reversing journals over the year-end, temporary journals will be replaced by empty journals, and fixed journals will keep their original number. New journals will get the next higher number in the number series.
    • Close Existing Journals for Changes: Locks any journals for further changes after the journals have been created and saved.
    • Use Form Set in Data Entry - Journals: Select this option if you want form set validation to be activated for Data Entry - Company Journals and Data Entry - Group Journals. If you mark this option, the popup list for Accounts in Data Entry will be limited and only show the accounts that are included in the form set for the actuality and period. Note that the copy functions do not use form sets.
    • Use Approval of Journals
  4. In the Number of Days Before Records in the Staging Tables are Deleted text box, enter the number of days you want to save records in the staging tables before they are automatically deleted. You can not save records more than 999 days.
  5. In the Number of Days Before an Import Specification Log Report is Deleted text box, enter the number of days you want to save import logs before they are automatically deleted. You can not save import logs more than 999 days.
  6. If you want to use the e-mail function for sending reports, intercompany balances and export files via e-mail, select the Use E-mail check box and enter the SMTP server. In the E-mail format text box, click the Show Valid Choices button and select the file format you want to send files in.
  7. Click Save and open the Conversion tab.