Description Rules

Use descriptions rules to define the elements of a description that appears on the subledger journal entry at the header or the line. The definition determines both the content and sequence in which the elements of the description appear.

You can assign a condition to a description rule to determine that the description is selected for display if the condition is satisfied.

Description Rule Definition

A description rule can be defined with combinations of source and literal values. If sources are used in the rule, the accounting event class associated with the sources determines in which subledger journal entry rule set the description rule can be selected and used.

Build descriptions using the available sources for the application.

The following is the description details that have been entered, using a literal and a source:

• Loan Origination Date = Origination Date

  • Literal = Loan Origination Date

  • Source = Origination Date

For example:

• Source value of the Origination Date = 11/01/11

• Journal entry description = Loan Origination Date 11/01/11

Note: Transaction reversal copies the journal header and line attributes from the original event to create an offset entry with the same information. This is standard behavior.