Generating postings and journal entries
Planon creates postings and journal entries for both financial commitments and accounting commitments. Postings can be provisional (PRV) or final (FIN). Both the provisional and final postings are always linked to their corresponding commitments. Planon updates the provisional postings to final postings after you have performed a final amount closure.
Planon generates journal entries and their related postings:
• When financial commitments are added, deleted or when the status is changed.
• When financial commitments in the Open status are changed.
• When financial commitments are closed.
For contract lines with the Payment? field set to Yes (=the contract amount is to be paid), Planon creates :
• a PRV (provisional) posting. The posting changes to FIN (final) at final closure.
• two journal entries
For contract lines with the Payment? field set to No (=the contract amount is to be received), Planon creates at trial closure:
• a PRV (provisional) posting. The posting changes to FIN (final) at final closure.
• two journal entries