Registration Numbers for Adjusting Journal Entries
After the year end, you might need to enter general ledger transactions to record adjustments for the previous fiscal year. You can enter these adjusting journal entries with a special document type (##) and the general ledger date for the end of the fiscal year, such as January 31, 2007.
Italian law requires that the date on which you actually enter the adjustment also be included in the journal entry record. To satisfy this requirement, the system records both the general ledger date that you specify for the end of the fiscal year and the actual date when you enter the adjusting entry. You can use a processing option to control the actual date of the adjustment entry that prints on the G/L Registration report. In addition, adjusting entries must include a chronological and sequential registration number, as would any other general ledger transaction.
Print the G/L Registration Report to assign registration numbers to adjusting journal entries for the previous fiscal year. You can specify registration numbers for adjusting journal entries, based on these numbering patterns:
Start with the next available number for the previous fiscal year.
Start with the next available number for the current fiscal year.
Important: The practice of numbering adjustments by using the next available number for the previous fiscal year can be disputed by the Italian fiscal authority. The option of using the next available number for the current fiscal year is legally acceptable and should be adopted by all Italian customers. Use the Next Available Registration Number for Adjustments processing option on the Defaults tab of the G/L Registration Report program to select a numbering pattern.
When you print the G/L Registration Report for the adjusting entries in final mode, the system:
Updates the Adjustments Registration Date with the date that you specify in the processing option for adjusting entries
Assigns chronological and sequential registration numbers to each transaction
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