| Retained Earnings |
Assign an account to the Retained Earnings from the pull down. |
| Current Earnings |
Assing an account to the Current Earnings from the pull down. This is the account the current earning are reported on for the balance sheet until the fiscal year is closed. |
| Suspense Account |
Assign an account to the Suspense Account from the pull down. |
| Prior Fiscal Year |
Select the appropriate radio to either allow posting to Prior Fiscal Years or NOT to allow posting to Prior Fiscal Years |
| Prior Periods |
Select the appropriate radio to either allow posting to Prior Periods or NOT to allow posting to Prior Periods |
| Future Periods |
Select the appropriate radio to either allow posting to Future Periods or NOT to allow posting to Future Periods |
| Immediate Auto Release & Post to G/L without Review |
This means that when the transaction is saved or approved in the originating screen it is automatically posted to the General Ledger without having to go through any release or posting screen for review.
If posting to Prior Fiscal Years, Prior Periods or Future periods is set to NO, then no types of transactions can be set to Immediate Release/Immediate Posting. If any types of transactions are set to Immediate Release/Immediate Posting, then no restrictions can be placed on posting to Prior Fiscal Years, Prior Periods or Future periods.
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| Auto Release & Manual Post after Review |
This means that when the transaction is saved or approved in the originating screen, the transaction is automatically released and placed in the released tables and then has to go through the posting routine to be posted to the General Ledger manually.
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| Manual Release after Review & Manual Post after Review |
This means that the transaction must be manually released and then manually posted as two separate activities.
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If users change the Posting Defaults they will receive a warning that they should make sure that ALL records have been released and posted before changing the posting default. ManEx strongly suggests NOT changing the Posting Defaults once they have been setup.
NOTE: Changing the Posting Defaults could result in loss of records.
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