Overview of Sequencing of Accounting Entries
The following sequences are attached to subledger journal entries or general ledger journal entries. These two sequences aren't mutually exclusive and can coexist in the same journal entry.
Accounting Sequence
The accounting sequence is assigned to subledger journal entries at the time that the journal entry is completed. The sequence is assigned in the completion date order using the accounting date as the date criterion for determining the sequence to be used.
Reporting Sequence
The reporting sequence is assigned to both subledger journal entries and general ledger journal entries when the accounting period is closed. This sequence is used by most of the legal reports required in some countries as the main sorting criterion to display the journal entries.
In some related documents, this sequence is referred to as the chronological sequence.