A posting reference in a journal is a notation that indicates where a particular transaction has been posted in the accounting records, typically in the general ledger. This reference helps in tracking and verifying entries, ensuring that all transactions are accurately recorded and can be easily located for review or auditing purposes. It often includes information such as account numbers or page numbers where the entry can be found. This practice enhances the organization and accuracy of financial records.
Posting is recording in the ladgers information from journal. Posting is always from journal.
I always did the ledger first and then went from ledger to journal.
Posting
to correct an error made in the journal ( prior to posting in the ledger)
chronological order
should be entered when posting to the ledger
To create a journal entry in SAP, you can use transaction code FB50 (for general journal entries) or FB01 (for posting with reference). You'll need to enter the necessary details such as the posting date, account numbers, amounts, and a reference document number. Once you have completed the entries, you can save the journal entry.
Posting is recording in the ladgers information from journal. Posting is always from journal.
I always did the ledger first and then went from ledger to journal.
Posting is recording in the ladgers information from journal. Posting is always from journal.
Posting
to correct an error made in the journal ( prior to posting in the ledger)
Posting
chronological order
daily
daily
No, it's journalizing.