Journal Entries Fields

After you open a journal entries transaction file, the fields that display in the header fields at the top of the form apply to the entire transaction. The grid fields represent individual transaction line items.

Fields

Field	Description
Reference	Enter a number by which to reference this journal entry transaction. If the selected company has automatic numbering for transactions set up, [AUTONUMBER] displays in this field and you cannot enter a reference number. In this case, the reference number is based on the reference number specified on the Transaction Auto Number tab in Configuration > Accounting > System Settings.
Date	Enter the date for this journal entry or click and select the date.
Description	Enter a text description. For journal entries there are two descriptions: For labor adjustment and timesheet transactions, enter a date for each detail line. For expense transactions, enter a date for the entire record.
Type	Select the type of journal entry (accrual, cash, or both).
Diary	This field displays only if you have set up a diary in Accounting System Settings Configuration for the fiscal period or fiscal year in which you are entering transactions. Use this field to select a diary code for the current transaction or the group of transactions if you are processing a group of transactions, such as an accounts payable payment processing run. The diaries are used to generate diary reports that contain a set of sequentially numbered transactions that have been posted to the general ledger during the fiscal year or to specific fiscal periods. You can assign different diaries (that have different diary types) to different types of transactions. The Diary drop-down list contains three columns. The first column displays the diary code. The second and third columns display the diary type for the diary code and the description of the diary type. The drop-down list contains all the diaries that you set up on the Transaction Auto Numbering tab in Accounting System Settings that have the same fiscal period or fiscal year in which you are entering transactions, or no fiscal period or year entered for them. If you have multiple companies, the Diary drop-down list includes only the diary codes that are set up for the current company. The list also includes IC - Intercompany Diary to capture intercompany transactions. You cannot delete a transaction after it has been saved with a diary number. If a transaction is incorrect, you can enter zero amounts for the transaction, or enter a reversing transaction.
Diary Number	This field prefills with an auto-generated number when you save a transaction. The diary numbers tie the specific transactions to debit and credit entries that are posted to the general ledger for the purpose of producing diary reports. The auto numbering ensures that the diary numbers are sequential, based on the order that transactions are posted. The next number to use for a diary is specified in the Next Diary Number field on the Transaction Auto Numbering Tab of Accounting System Settings.
Update project billing amount when adjusting	Select this check box if you want Vision to include the amount of this journal entry when it calculates job-to-date billings for the referenced project. You must check this field if you use a billing-based revenue method for the project and you are making an entry to a revenue account. If you use the labor cross-charge feature of Organization, then Vision selects this field automatically when it creates journal entries to transfer revenue.
Status	This field displays the current status of the transaction file.
Approved By	If the transaction file has been approved, this field displays the name of the approver.

Journal Entry Grid Fields

Field	Description
Description	Enter a description for the transaction line item.
Project	Perform one of the following actions to enter the project number: In the Project field, enter all or part of the project number. Vision searches for matching records in your database. If only one possible match is found, Vision enters the record. If more than one possible match is found, Vision displays a list of all possible matches. Select the project from the list. Click to display the lookup and select the project record.
Phase	Perform one of the following actions to enter the phase number: In the Phase field, enter all or part of the phase number. Vision searches for matching records in your database. If only one possible match is found, Vision enters the record. If more than one possible match is found, Vision displays a list of all possible matches. Select the phase from the list. Click to display the lookup and select the phase record.
Task	Perform one of the following actions to enter the task number: In the Task field, enter all or part of the task number. Vision searches for matching records in your database. If only one possible match is found, Vision enters the record. If more than one possible match is found, Vision displays a list of all possible matches. Select the task from the list. Click to display the lookup and select the task record.
Account	The project type and account number must be compatible. If the disbursement is for a regular project, enter a reimbursable or direct account. If the disbursement is for an overhead project, enter an indirect account. Perform one of the following actions to enter the account number in this field: In the Account field, enter all or part of the account number. Vision searches for matching records in your database. If only one possible match is found, Vision enters the record. If more than one possible match is found, Vision displays a list of all possible matches. Select the correct account from the list. Click to display the lookup and select the account record. If you are using the Multicurrency feature and a currency has been specified for this account (on the General tab of the Accounts Info Center), the account is a foreign denominated account. All transactions affecting a foreign denominated account must be in the same currency.
Debit	Enter the debit amount to apply to the general ledger account that you entered for this journal entry item. Each journal entry item (row in the grid) can have either a debit amount or credit amount.
Credit	Enter the credit amount to apply to the general ledger account that you entered for this journal entry item. Each journal entry item (row in the grid) can have either a debit amount or credit amount.
Total Tax Debit	This field displays if the Enable Tax Auditing Feature check box is selected on the Tax Auditing tab in Configuration > Accounting > Company Settings. This field is enabled only if you selected the Allow Tax Entries check box on the New File dialog box when you created the new transaction file for the transactions that you are entering.
	If you entered an amount in the Debit field in this grid and you also need to enter a tax amount for this journal entry item, first select the tax type in the Tax Type field and then click the hyperlink in the Total Tax Debit field. The hyperlink opens the Taxes Codes dialog box, where you can select the tax codes with which to calculate the taxes for the amount in the Debit field. The tax amount is automatically calculated, and when you click OK in the Tax Codes dialog box, you are returned to the journal entries grid. The Total Tax Debit field now displays the total tax amount from the Tax Codes dialog box.
Total Tax Credit	This field displays if the Enable Tax Auditing Feature check box is selected on the Tax Auditing tab in Configuration > Accounting > Company Settings. This field is enabled only if you selected the Allow Tax Entries check box on the New File dialog box when you created the new transaction file for the transactions that you are entering.
	If you entered an amount in the Credit field in this grid and you also need to enter a tax amount for this journal entry item, first select the tax type in the Tax Type field and then click the hyperlink in the Total Tax Credit field. The hyperlink opens the Taxes Codes dialog box where you can select the tax codes with which to calculate the taxes for the amount in the Credit field. The tax amount is automatically calculated, and when you click OK on the Tax Codes dialog box, you are returned to the journal entries grid. The Total Tax Credit field now displays the total tax amount from the Tax Codes dialog box.
Tax Type	The entry that you make in this field determines the tax codes that are included in the drop-down list in the Tax Codes dialog box that opens when you click the hyperlink in the Total Tax Debit or Total Tax Credit field. Click in this field to display the drop-down list arrow. Click the arrow and select one of the following tax types from the list: Input (Purchase) — Select this tax type to include input only and input/output taxes in the Tax Codes field on the Tax Codes dialog box that opens when you click the hyperlink in the Total Tax Debit or Total Tax Credit field. Output (Sale) — Select this tax type to include output only and input/output taxes in the Tax Codes field on the Tax Codes dialog box that opens when you click the hyperlink in the Total Tax Debit or Total Tax Credit field. When you set up tax codes in Configuration > Accounting > Taxes, you specify whether the tax can be used as an input only tax, output only tax, or both an input and output tax.
Exchange Override Rate	If you use the Multicurrency feature, you can use this field to override the exchange rate for a single line item. Vision stores each transaction amount that you enter in the currency that you selected on the New File dialog box. Vision also stores the amount in the functional currency of the company that owns (via organization structure) the project, phase, or task charged for the transaction. If the transaction currency and functional currency differ, Vision uses the daily exchange rates that you establish in Configuration to calculate the amount in the functional currency. Usually, a transaction is recorded using the exchange rate in effect on the date the transaction took place, unless you specify an override in this field.
Suppress Bill	Select this check box to suppress billing on an expense. The amount on each detail line is costed to the general ledger only (and does not become a billable transaction). If you select this option, then the expense does not flow through to the Billing application.
Due To/From Company	This field is enabled if you use the Multicompany feature. From the drop-down list, select the company to or from which the account balance is due. The drop-down list includes all companies other than the company that owns the project/phase/task. You can enter the due to/from company for the following accounts that are defined in Configuration > Accounting > Company Settings: Intercompany Accounts Receivable Intercompany Accounts Payable Suspense Accounts You can enter the due to/from company for the following accounts that are defined in Configuration > Accounting > Intercompany Billing: Intercompany billing journal entry accounts for any type of expense (regular labor, overhead labor, promotional labor, regular expense, overhead expense, promotional expense and balance sheet entries) Intercompany billing transfer cost accounts Intercompany billing taxes