Entered and Accounted Transaction Amounts

Transactions identified from Oracle General Ledger and subledger accounting include both entered and accounted transaction amounts.

The entered transaction amount is in the currency of the original transaction, such as a payables invoice, receivables invoice, and so on. The accounted transaction amount is in the ledger currency. If the currency of the original transaction is different than the currency of the ledger, then the entered transaction amount and accounted transaction amount will be different.

In the Joint Venture Transactions work area, you can review both entered and accounted transaction amounts. The Create Joint Venture Distributions process splits the entered and accounted transaction amounts to record each distribution in both the accounted and entered currency. Joint Venture Management uses the accounted amount to create invoices and for other downstream processes. The joint venture transactions, distributions, and invoices work areas retain both the accounted and entered amounts for reporting and auditing purposes.