Understanding Posting Liabilities

The Post Liabilities process creates the accounting lines for expense transactions that are used to generate journals for posting to PeopleSoft General Ledger. This process uses defaults defined during implementation to generate balanced accounting entries for the appropriate accounting period in the general ledger. The Post Liabilities and Unpost Expense Report processes use the EXACCRUAL Journal Template defined in the Expenses Definition – Business Unit 2 tab for the PeopleSoft Expenses business unit definition. To post liabilities to the general ledger, navigate to the Expense Processes page and select the Post Liabilities check box. The Application Engine process populates the EX_ACCTG_LINE table with data staged for posting to the general ledger.

Note:

If you use PeopleSoft Commitment Control, all transactions must have a valid budget status to be eligible for the Post Liabilities process.