A Journal entry is an accounting document containing debit and credit postings to the general ledger. Journal entries are used to transfer funds from one account to another for payment of various services, materials, etc., and used to correct postings if needed. Journal entries can be posted to one or more departments within one company code (single company code entries) or across company codes (cross company code entries).
Journal entries are:
- Manually keyed into R/3 (Document types SA, ZJ, ZB) by anyone with authorization.
- Processed by Accounting Services (Document Type AB) to reverse accruals / deferrals entered in the previous month.
- Entered from electronic system feeds into R/3 by Accounting Services.
Download the end user guide on Working with Journal Entries in SAP.
Booking a Journal Voucher
Use the transaction code F-02 to book a Journal Voucher. The document entry screen comprises of Header and Line item details to be filled in while booking a transaction. Details entered in the Header are relevant for the whole document. There can be a maximum of 999 lines in a single document. Enter details like Date, company code text etc in the Header area of the screen. Enter Line item details like Posting Key and the corresponding Account code and specify the amount per line item. Incase of expense accounts It is mandatory to enter a Cost Object like Cost Center, Internal Order or Profitability Segment against it. The Assignment field can be used for the purpose Of sorting of line items. Entering + and clicking on Enter will automatically copy the text as entered in the earlier line items.
Once all the line items have been entered, simulate the entry. This will display the accounting entries that will be passed on saving the transaction. In case of unbalanced entries, system will not allow the posting of the document. Check that the Dr and Cr amounts are equal for posting.