Amortization Journal Creation option enables us to create Amortization Journal. It reads the amortization balance file and posts the amortization values to the General Ledger via the General Ledger Interface file at GL EOD.
This program posts a reversal journal for ‘Capitalise’ transactions. When the ISBN is changed in the project/spec, this will reverse and amortize the difference. If the G/L definition changes, the system will reverse the old amounts and posts the new amounts to the G/L based on the G/L definition.
Create amortization journal
- In the menu, expand Publishing Modules > Book Publishing > Others > Amortization > Generate Cycle and double-click Amortization Journal Creation. BPO025 Amortization Journal Creation panel appears.
| Field | Description |
| Mode | Indicates whether you want to run a Trial or Update. A trial run must be generated before an update is processed. This field defaults and can be overridden. |
| Period | This defaults to current processing period but can be overridden. |
| Security | A valid security code required, if posting is to be done into a closed period. It allows authorized user to create amortization journal into a closed period. |
| Company code | Company codes to be used in journal creation. |
- Enter the above information, as necessary.
- Click OK to confirm. Report submitter panel appears.
- Click OK. Amortization journals are created and the report is produced.
