Understanding the Cost Object Information Update Process in the General Ledger

After you review and approve a batch of journal entries, you can use the Post General Ledger (Pre-Post) program to edit and post each type of transaction. This program also edits transaction batches for the Account Ledger table (F0911) and updates the batch status to allow the system to post transactions to the Account Balances table (F0902). If any errors occur during editing, the system assigns an error status to the batch and does not post it.

When you post journal entries, the system copies the edit code flags for cost objects when you create accounts dynamically.

The system performs the following tasks:

Selects unposted and approved batches that match the criteria that is specified in the data selection.
Edits each transaction to determine whether:
The account exists in the Account Master table (F0901) and is a posting account.
The business unit exists in the Business Unit Master table (F0006).
The GL date is valid.
The intercompany setup is correct (if required).
Multicurrency is set up for intercompany transactions.
Edits each batch to ensure that it is in balance and approved.
Sends electronic mail messages for transactions that are in error and batches that do not balance.
Prints a Post Detail Error Report if the batch does not balance.
Places an entire batch in error if any transactions are in error.
Creates offsetting entries by date of transaction.
Posts transactions to the Account Balances table.
Updates posted transactions with a GL posted code in the Account Ledger table and creates records for the balances in the Account Balances table.
Updates the status of each posted batch in the Batch Control Records table (F0011).
Posts the domestic amounts to the Actual Amount (AA) Ledger, and if applicable, the foreign amount to the Currency Amount (CA) Ledger.
Performs intercompany settlements, if applicable.
Creates reversing entries, if applicable.
Prints the General Ledger Post Report.