General Ledger Transactions > EMEA Exercise: Journal Entry Basics
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EMEA Exercise: Journal Entry Basics
Log in to entity 22UKCO.
When not specified in the exercise, use the following data when needed:
• Sub-account: Gserv
• Cost Center: Adm
• SAF structure and SAF: choose any from the lookup list
1 Use GL Layer Create (25.8.14.1) to create a new accounting layer of type Transient.
 
Field
Value
Layer Code
TR-accrual
Description
TR-accrual
Layer Type
Transient
Active
Yes
2 Use Daybook Create (25.8.1.1) to create a new daybook linked to the transient layer TR-accrual and controlled by Financials.
 
Field
Value
Daybook Code
JETRANS
Description
JETRANS
Daybook Type
Journal Entries
Layer Code
TR-accrual
Active
Yes
Daybook Group
DGC-QMI
From now on, use the daybook JETRANS in transactions unless another daybook is specified.
3 Use Journal Entry Create (25.13.1.1) to create a journal entry for accruals at the end of the current GL period. The posting lines are as follows:
 
Account
Cost Center
Amount
DR/CR
GL 7000 (Travel)
Adm
£10,000 GBP
DR
GL 7010 (ICT)
Adm
£900 GBP
DR
GL 7200 (Repair & Maint)
Adm
£1,100 GBP
DR
GL 2470 (Accrual account)
 
£12,000 GBP
CR