C1-GLCE

This algorithm checks whether any active GL accounting template is effective on the accounting date for the specified process and sub processes combination. If an effective GL accounting template is available, the system creates an FT GL entry for a financial transaction using the GL accounting template instead of the traditional method (i.e., using the distribution code from the adjustment type, rate component, billable charge pass through line, or contract type depending on the type of financial transaction). If the financial transaction's currency is different from the division's base currency or division's local currency, the algorithm will create an additional FT GL entry (i.e., an FT GL extension record) for a financial transaction in the CI_​FT_​GL_​EXT table.

This algorithm contains the following parameters:

• Process - Used to specify the process name.

• Sub Process 1 - Used to specify the sub process name.

• Sub Process 2 - Used to specify the sub process name.

• Sub Process 3 - Used to specify the sub process name.

• Sub Process 4 - Used to specify the sub process name.

• Sub Process 5 - Used to specify the sub process name.

• Debit GL Account - Used to indicate the GL account that you want to assign on the debit financial transaction.

• Credit GL Account - Used to indicate the GL account that you want to assign on the credit financial transaction.

• Currency Conversion Algorithm - Used to attach an algorithm which will do the currency conversion when financial transaction's currency is different from the division’s base currency and/or division’s local currency.