Interunit Journal Entries Using Entry Events

When you run the Journal Edit process on an interunit or intraunit journal entry with entry events, it processes all of the journal header and journal lines associated with the interunit or intraunit journal lines first.

The Entry Event Processor process creates accounting entries from the interunit and intraunit entries created by the Journal Edit process. To enable this functionality, the entry event code must have the GLJE Entry Event process included in the setup, as well as the steps required by the transaction such as GLJEIUINP for interunit payables journal entries. It is possible to set up an entry event code to process regular journal entries and interunit and intraunit entries. If an entry event code has been set up with both the regular process step and the interunit and intraunit process steps, this logic is applied to the journal:

  • If no interunit or intraunit lines are created in the journal, the entry event lines are created using the regular process step.

  • If interunit or intraunit lines are created within the journal, the entry event lines are created using the interunit and intraunit process steps only.

  • If the journal has both interunit and intraunit lines and non interunit or intraunit lines, then inter/intraunit process steps are used for entry events only.

The PeopleSoft system comes with a separate entry event source definition to enable you to use entry events with interunit and intraunit journal entry transactions:

Entry event source transaction: GL_JRNLIU.

Source record: EE_JRNL_LN_IUVW.

Target record: JRNL_LN.

Temporary record: EE_JRNL_TMP.

Four predefined process steps are used to process receivable and payable interunit and intraunit journal entry transactions:

  • GLJEIUINP - Jrnl InterUnit Payable.

  • GLJEIUINR - Jrnl InterUnit Receivable.

  • GLJEIUIUP - Jrnl IntraUnit Payable.

  • GLJEIUIUR - Jrnl IntraUnit Receivable.

Entry event processing for General Ledger interunit and intraunit transactions is slightly different from regular (predefined process step GLJE) journal processing for entry events. By design, interunit and intraunit lines are always balanced. In turn, entry events create balanced DR/CR pairs from the generated interunit and intraunit lines. If there is a need to create additional DR/CR pairs from interunit and intraunit transactions, you can establish only interunit payables, only interunit receivables, or both. The same is true for intraunit payables and intraunit receivables. One or both transactions can be set up to generate balanced DR/CR pairs.

Note:

If the interunit/intraunit journal does not have an anchor business unit line, the system-generated anchor business unit line will not have an entry event code, which means that the system will not generate extra debit/credit (DR/CR) lines.

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