9 Policy Journal Maintenance

This topic provides information on Policy Journal Maintenance.

Whenever you need to make an adjustment to the annuity amount, you need to post it as a policy journal entry.

The Authorization of policy journal creates a policy transaction on par with normal annuity transaction. Appropriate tax is deducted from the gross annuity amount and is posted as annuity tax transaction. On authorization of the journal entry, it will generate the annuity transaction with gross annuity amount.

The Policy Journal Maintenance screen allows you to make adjustments to the annuity amount of a policy. The next section gives you step-by-step instructions to do the same.

This topic contains the following sub-topics:

• Process Annuity Journal Maintenance Detail
  This topic provides the steps you need to follow to make a journal entry for a policy.
• Policy Journal Maintenance Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.