Introduction
Ledger Posting Rules define the process for how financial transactions are recorded in the general ledger. These rules specify the accounts that should be debited and credited when certain types of transactions occur, ensuring that financial data is accurate and consistent across the organization. This Includes Chart of accounts, Account determination, Posting keys & Validation and substitution rules.
Stage Workflow
| Active | The Ledger Posting Rule created is in active stage |
| Inactive | The Ledger Posting Rule is created but not yet approved |
| Deleted | The Ledger Posting Rule is either deleted or no longer available |
Portlets & Widgets
In the layout view, a Portlet accurately represents each functionality, and its corresponding data is precisely viewed as a Widget. The following section includes the default portlets and widgets of the Ledger Posting Rules App
Details
This widget provides the details of Ledger Posting Rules that are configured
| Field name | Description |
| Rule Name | The rule’s name is displayed. These names would be used to define the unique rules and criteria that must be met in order for transaction details to be recorded in a given account, tax group, etc. |
| LoB | Displays the Line of Business segment for which the rule is applied. A business segment can be identified by the product(s) sold or services provided or by geographical locations that the company operates in. |
| Applied For | The module name to which the Posting rule is applied is displayed. |
| Companies | Displays the company name for which the Posting rule is applied for all the transactions. |
| Ledger A/C | Ledger account name for which the Posting rule is applied. It refers to a specific account that records financial transactions in the general ledger. |
| Branches | Displays the branch name for which the Posting rule is applied for all the transactions created in that branch. |
Tax Group
It refers to a collection of tax codes or tax rates that are assigned to a particular group of items, services, or customers.
Description
Comments or short notes about the Ledger Posting Rule are displayed
Activity Log provide users with essential information, notifications, and real-time updates to keep them engaged and informed about key activities in apps related to updates, notifications, and stage changes.
| Field name | Description |
| Comments | User can write short notes or comments about the Ledger Posting Rule |
| Audit | |
| Created Date | Date when the Ledger Posting Rule is created |
| Created By | Name of the person who created the Ledger Posting Rule |
| Last updated date | Last stage changed of the Ledger Posting Rule |
| Last Updated By | Name of the person who last updated the stage |
| Status | Displays the current status of the Ledger Posting Rule |
| Time-Line | This widget tracks all the activities within the app. |
Reports
A report is a document that presents information in an organized format for a specific audience and purpose. Although summaries of reports may be delivered orally, complete reports are almost always in the form of written documents.
- Ledger Posting Rule Masters