The Post button on the journal detail page allows you to manually post an "In Progress" journalA document that enables you to make corrections or adjustments to your existing accounting data. to your current companyThe company in which you are working. This is represented by the company queue to which you, and new instances of objects you create, are assigned.. All transactions created by the journal must be posted to an open periodAn accounting period to which a user can save documents and post transactions.. In Classic EditionThe view of the application that you see when you first install the base managed package., the Save & Post button first saves the document then posts it in the same way as if you had clicked the Save and Post buttons separately.
Cash matching, canceling, reversing and income schedule journals are posted automatically.
Do not post any documents to a period that is being revalued. Wait for the whole currency revaluation process and all related batch jobs to complete before continuing to post documents.
If successful, the relevant transaction line items are posted to your current company's general ledger and the journal is assigned a transaction number. The sum of these transaction line items is zero in document, home and dual currency. The posted journal is now "Complete" and can no longer be discarded.
If a journal containing a tax line is posted, it creates an equivalent tax line item on the resulting transaction. Any tax values and taxable values are converted to home currency and stored on the transaction in both document and home currency.
If the journal contains intercompany journal line items, a corresponding intercompany transferObject used as a staging location for data used when transferring costs to other companies in the same organization. record is automatically created at the same time. When this happens, a lookup to the related intercompany transfer is added to the corresponding transaction line items (and to the header where appropriate and the intercompany transfer is unique).
If you are using chart of account mappings to produce financial reports for different statutory bodies and you discover that a corporate GLA has been mapped to the wrong local GLA, you can use a manual journal to correct the error by overriding the local GLA mappings. See Mapping Corporate and Local GLAs for more information.
The only way to cancel a posted journal is to create a canceling journalType of journal used to cancel out the transactions a previous journal posted in error..
When posting journals, if a journal exceeds the line limit set for that journal type in the Document Line Volume Settings custom setting its status is set to "Ready to Post" and it is batched up for posting by a scheduled job. See Setting up the Background Posting Scheduler for details of how to set up the scheduled job.
If you do not want to wait for the next scheduled job, you can click Background Post in the journal list view to start the Background Posting Scheduler right away. Any journals with the status "Ready to Post" in companies that you are currently logged into will be posted in the background. The Background Post button is only available if you have been given the necessary permissions for Background Posting.
Related Concepts
About Currency Overrides on Journals
Related Tasks
Analysis and Tax Details on a Journal
Overriding Currency Values and Rates on a Journal
Posting Multiple Documents with OneTouch
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