Document Type T2 - Labor Distribution Journal Entries

The system creates journal entries for document type T2 directly from timecards for labor expenses and associated offsets for accrued wages. You can also generate journal entries to allocate an estimated or flat burden expense.

The system creates T2 journal entries during the payroll cycle or when you generate timecard journal entries using the JD Edwards EnterpriseOne Time Entry system.

Four possible general ledger dates exist for journal entries created during the payroll cycle:

• The work date, which is the work date on the timecard.

• The period ending date, which is the pay period ending date.

• The cost period can be used with the creation of payroll journal entries for a transition period.

  Journal entries for those timecards with work dates falling into the preceding accounting period are assigned a general ledger date equal to the last day of the preceding accounting period. Journal entries for those timecards with work dates in the succeeding period are assigned a general ledger date equal to the pay-period ending date in pre-payroll processing.

• An override date can be used when you submit the journal entry creation job.

  The date that you define becomes the general ledger date for all journal entries.

If you use Payroll, define which general ledger date to use for T2s in the payroll journal entry step of the payroll cycle. When you generate timecard journal entries using the JD Edwards EnterpriseOne Time Entry system, you must specify whether the system uses the general ledger date or the system date in the processing options for the Generate Timecard Entries program (R052901).

The specific journal types used for labor distribution journal entries are as follows:

• AW: Accrued wages - credit entry

• FB: Flat burden expense - debit entry

• FC: Flat burden offset (Clearing) - credit entry

• LD: Labor distribution straight time - debit entry

• PR: Labor distribution premium time - debit entry

• IC: Intercompany settlements