Apply and Unapply General Ledger Entries in the Dutch Version

By applying temporary general ledger entries, companies can work with temporary and transfer accounts in the general ledger. Temporary and transfer accounts are used to store temporary ledger entries that are waiting for further processing into the general ledger.

You can use temporary accounts for:

• Money transfers from one bank account to another.
• Financial transaction transfers from one system to another in which part of the information temporarily resides on the original system.
• Transactions for which you have issued a sales invoice to a customer but have not yet received the corresponding purchase invoice from the vendor.

When the ledger entries have been processed, you can use the Apply Entries function to update the posted ledger entries and the posting account type.

You can unapply the applied general ledger entries and then open the closed entries to make changes.

To apply general ledger entries

1. Choose the icon, enter G/L Registers, and then choose the related link.

2. Select a general ledger register, and then choose the General Ledger action.

3. On the General Ledger Entries page, choose the Apply Entries action.

   All open ledger entries for the general ledger account are displayed on the Apply General Ledger Entries page.

   Note

   By default, the Include Entries field is set to Open. You can change the value of the Include Entries field to All or Closed. You can only apply general ledger entries that are Open.

4. Select the relevant general ledger entry, and then choose the Set Applies-to ID action.

   The Applies-to ID field is updated with the user ID. The remaining amount is displayed in the Balance field on the Apply General Ledger Entries page.

5. Choose the Post Application action.

   You can post the application even if the balance amount is equal to 0. When posted, the Remaining Amount field is affected as follows:

   • If the Balance is equal to 0, then the Remaining Amount field on all ledger entries is set to 0.

   • If the Balance is not equal to 0, then the amount in the Balance field is transferred to the Remaining Amount field for the general ledger entry that was selected when you posted the application.

   • For all other general ledger entries, the Remaining Amount field is set to 0 and the Open, Closed by Entry No., Closed by Amount, and Closed at Date fields are updated.

   Note

   When posted, the general ledger entries which update the Applies-to ID field are deleted.

6. Choose the OK button.

To view the applied general ledger entries

1. Choose the icon, enter G/L Registers, and then choose the related link.

2. Select a general ledger register, and then choose the General Ledger action.

3. Select the relevant general ledger entry, and then choose the Applied Entries action.

   You can view all the applied general ledger entries.

4. Choose the OK button.

To unapply general ledger entries

1. Choose the icon, enter G/L Registers, and then choose the related link.

2. Select a general ledger register, and then choose the General Ledger action.

3. Select the general ledger entry that you want to unapply, and then choose the Undo Application action.

   The applied general ledger entries are unapplied.

   Note

   If an entry is applied to more than one application entry, you must unapply the latest application entry first. By default, the latest entry is displayed.

4. Choose the OK button.

See Also

Apply Customer Payments Manually
Required Descriptions in G-L Entry
Create an Audit File for the Tax Authority
Understanding the General Ledger and the COA

Note

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