Projected Balances

Use the projected balances feature to view the impact on account balances for selected subledger journal entry lines.

The projected balances flow has the following business benefits:

• The creation and validation of unposted manual journal entries by providing immediate information about the account balances for the selected journal lines.

• The validation and reconciliation of posted journal entries by providing immediate information about the account balances for the selected journal lines.

Projected Balances

Subledger Accounting manual journal entry and General Ledger manual journal entry, approval, and inquiry pages display projected or current balances including the current journal entry line amounts. Depending on whether the journal is posted or not, the current balance (for the period of the journal) is displayed or calculated.

The projected balance region displays the projected balances for the account that includes the amounts of the selected journal entry line. Additionally, if more than one journal line for same account of the selected journal line exists, then the projected balance amount includes the impact from each journal line. The Period To Date, Quarter To Date, and Year To Date balances are also available.

• For unposted journals, the period balance is projected by summing the current balance with the subledger journal entry line amounts

• For posted journals, the opening balance and the period activity are calculated using the current balance and journal line amount

Projected balances increases accuracy when booking entries to reconcile accounts.