Effective Date: 1/23/2009
Purpose
Journal Entries in the Finance System are created when you need to make an entry to the General Ledger that cannot be made through a subsystem feed. The most common Journal Entry uses are: making corrections to financial transactions on a SpeedType, and recording activity in accordance with GAAP (Generally Accepted Accounting Principles) such as accruals, allowance for bad debts, and inventory adjustments.
