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Functionality

Journal Lines

  1. Use
    Journal Lines
     to Add, Delete, and Copy journal entry lines.
    • You configure and maintain each journal entry line separately. Use one or more lines to debit/credit an account.
    • Provides granular components of Tax Provision Calculation.
    • Allows for Summations by GL Account.
    • Breaks out Federal and State (all, individual or groups) calculations.
    • Provides Journal Entries by Unit and Filing Group.
  2. Use
    Journal Lines
     to determine the
    JE Type
    ,
    JE Code
    ,
    JE Summary
    ,
    Name (Description)
    ,
    Debit Account
    , and
    Credit Account
    .
  • JE Type
    : Jurisdiction or locality reference for the journal line. The options include: Federal, State - All, individual states, and state groups.
  • JE Code and Description
    : Each JE line is determined by a user-defined Code and Name (Description). The Code and Name (Description) appear in the JE report.
  • JE Summary
    : Custom grouping of Journal Entries. Select the JE Type then select one of the custom groups you've created from the JE Summary drop-down.
  • Debit GL Account/Credit GL Account: Accounts from the Trial Balance Sublines where a debit or credit amount is posted in the general ledger. If the calculated amount is positive, the system uses the debit account. If the calculated amount is negative, the system uses the credit account.
Journal Lines Data
To view the accounts set up in Trial Balance Sublines select
Administration
 >
Manage Trial Balances
 >
Trial Balance Sublines
 >
JE Post
.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision