Summary Journal Entries

If you set the processing option to create summarized journal entries, when you enter the receipt, the system does not update the A/R Post Status (ISTR) field in the Receipts Header table (F03B13).

When you post receipts, the system:

• Creates one document in the Account Ledger table (F0911) for each batch of receipts that are posted.

• Assigns the journal entry a document type of RK to the entry for the bank account.

• Assigns the batch number as the document number.

For the system to create summarized journal entries, you must also verify that:

• The offset method in the Accounts Receivable Constants is set to a value of B (batch mode).

• The intercompany settlement option in the General Accounting Constants is set to a value other than 2 or 3.

Otherwise, the system creates detailed journal entries.