Glossary


B | C | J | L | P | S

B

balancing segment
A chart of accounts segment used to automatically balance all journal entries for each value of this segment.

C

chart of accounts
The account structure your organization uses to record transactions and maintain account balances.
clearing company
The intercompany clearing entity used to balance the journal.

J

journal
An element of a journal entry consisting of the name, accounting date, category, ledger, and currency for single currency journal entries. Used to group journal lines.

L

An entity identified and given rights and responsibilities by commercial law through the registration with country's appropriate authority.

P

primary balancing segment value
A segment value used to represent a legal entity in the chart of accounts and automatically balance all intercompany and intracompany transactions and journal entries.

S

subject area
A set of columns, or pieces of data, related to a specific business object or area.