G/L Period Processing (INV)

Owned by Stephen Juliano (Unlicensed)
Last updated: Feb 08, 2022 by Colleen Juliano
3 min read

Overview

Post Inventory to GL

All general ledger entries made in the Inventory module are posted in batch to the General Ledger. When posting the Inventory to the G/L a report prints indicating all of transactions that caused the entries and a summary page which shows the actual journal entry that will be made. You can post the Inventory to the General Ledger as often as necessary but we recommend no less than once a week, daily is preferable. Working with smaller subsets of data when trying to track the occasional issue that arises is always a better option. Financial statements from the General Ledger will reflect the inventory entries only after Inventory has been posted to the General Ledger.

INV>Post Inventory to GL

Note: Like all posting screens in TRX the user can choose to print just the posting report without actually posting the entries to the General Ledger by clicking on the Print icon on the toolbar. Since you can only post to the current period you may want to print a report using all as a date so you can see prior posting that you need to make.

  • Starting and Ending Date - Choose the period to post INV transactions from. Only un-posted transactions that occur during that time period will be posted. The Start and End Dates must both be in the same period and that period must be an open period in the General Ledger.

  • G/L Post Date -This will be the date of the journal entry in the General Ledger and will default to the ending date of the time period chosen. The G/L postdate must fall between the start and end date and it must be an open period in the General Ledger.

Re-Print GL Posting

This report reprints a posting report that is generated when posting Inventory to the General Ledger. A date range and/or batch number can be selected to reprint. The report only lists transactions that have previously been posted to the General Ledger.

  • Starting and Ending Posting Date – The date range of posted transactions that you would like to see reported on.

  • Batch Number – you have the option of printing this report by GL batch number to get an exact reprinting if needed.