All GL default posting defaults for sales, inventory, earnings, etc. are set up here. User has three options to release and post records.
The first option is to Manually Release after Review and Manually Post after review for all items.
Another option will be to AUTOMATICALLY Release transactions as they occur and Post after Review.
And a third option will be to AUTOMATICALLY Release AND Post transactions as they occur.
Furthermore, you will be able to make these selections for each of the 17 types of transactions involved in our General Ledger.
On the same screen will be shown and be editable the ability to grant permission (or not) to allow posting to Prior Fiscal Years, Prior Periods and Future Periods, as well as assign account numbers for Retained Earnings, Current Earnings and Suspense Account.
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