Use journal lines definitions to create sets of line assignments for an event class or event type. These sets can be shared across application accounting definitions.

In the Journal Lines Definitions window, you can:

• Assign account derivation rules, supporting references, and descriptions to journal line types

• Define multiperiod accounting rules for a journal line type

Journal Lines Definitions Examples

Example 1

A public sector agency buys computer equipment for $10,000. Besides accounting for the purchase, the agency wants to set aside money to cover for its replacements. The required journal entries are described in the table below.

To achieve the above journal entries, two journal lines definitions are required as described in the following tables.

Standard Invoice Journal Lines

Public Sector Invoice Journal Lines
Example 2

This example describes how to allocate an invoice's liability amount across multiple balancing segments on the invoice distributions.

The Accounting Flexfield structure is Balancing Segment-Cost Center-Account. The default liability account for supplier site ABC is 000-000-2300. If automatic offsets using the balancing method are enabled, an invoice entered for supplier site ABC is distributed as described in the table below.

To achieve the above journal entry, the journal line definition is defined as described in the table below.

Invoice Journal Lines with Automatic Offsets

The Liability journal line type requires the following account derivation rules: