Setting Up General Ledger > Using Daybooks > Financial Daybooks
  
Financial Daybooks
Daybook Types lists the available types of financial daybooks.
Each daybook type is linked to an accounting layer, ensuring that transactions recorded in the daybook are automatically posted to the associated layer. Several daybooks can have the same daybook type.
Daybooks define the accounting layers to use for posting: official, management, or transient. For example, IFRS adjustment postings can be applied to the management layer to make the books conform to an IFRS standard. Therefore, transactions that require verification can be easily grouped and isolated.
Depending upon the daybook type, the layer codes available for selection can be limited. Each posting belongs to a single daybook and each daybook is linked to a single layer type. Some postings can be transferred between layers. See Using Daybooks.
Certain daybook types are linked by default to particular layers, as indicated in Layer Type column.

Daybook Types
 
Daybook Type
Comment
Layer Type
Banking Entries
Use Banking Entry daybooks to record all incoming and outgoing transactions to the bank.
Official only
Cash Entry
Use Cash Entry daybooks to record all incoming and outgoing cash transactions.
Official only
Consolidation
Use to record consolidation transactions. Consolidation daybooks are defined during the setup of the consolidation cycle.
All layers
Customer
Use customer daybooks to record the following types of transaction:
• Adjustments
• Credit Notes
• Credit Note Corrections
• Customer Deduction
• Invoices
• Invoice Corrections
• Payments
Note You can create daybooks of type Customer Credit Note Corrections and Customer Invoice Corrections only when Accounts Receivable is selected in GL Correction Control.
Official only
Journal Entries
Use this daybook type to record non-specific transactions.
All layers
Matching Daybook
Use the Matching Daybook type to record posted supplier invoices.
See Supplier Invoice Functions for more information about Unmatched Invoices accounts and daybooks.
Official (for receiver matching and financial matching) and transient layers (for financial matching only)
Periodic Costing
Use the Periodic Costing type to record periodic costing transactions posted to the GL.
All layers
 
Revaluation
Use Revaluation daybooks to record the following types of revaluation transaction:
• Suppliers
• Supplier Payments
• Customers
• Customer Payments
• Fixed Assets
• GL
• Intercompany
• Inventory
• Personnel
• Tax
Official and management layers
Reversing Entries
Use when reversing journal entries.
All layers
Self-Billing
Use to record self-bill transactions created using Self-Bill Auto-Create.
Official
Supplier
Use Supplier daybooks to record the following types of transaction:
• Adjustments
• Credit Notes
• Credit Note Corrections
• Invoices
• Invoice Corrections
• Payments
Note You can create daybooks of type Supplier Credit Note Corrections and Supplier Invoice Corrections only when Accounts Payable is selected in GL Correction Control.
Official only
Year-End Closing
For legal reasons, year-end closing transactions must be clearly denoted.
Official and management layers
Prior to deleting or inactivating a daybook, ensure that there are no unposted transactions in the operational functions that reference the daybook. If unposted transactions exist, the daybook cannot be deleted or inactivated until these transactions are posted.