Summarized Journal Entries

You use summarized journal entries to summarize the cost components into a single journal entry. You can set processing options for the Blend Cost Accounting Journal Entries program to summarize all journal entries by account number. When the system creates journal entries, it summarizes the transactions and creates one entry for the batch for each account before writing them to the general ledger. The entry is the sum of all transactions for each account by document type. In summarized journal entry mode, only the net changes to the accounts are recorded. You can also set the processing options to print a summarized accounting transaction report.