The Financials Posting OSID manages accounting
transactions.
Post Entry
A PostEntry is a debit or a credit to
or from an Activity and general ledger
Account. Post entries are part of a Post .
Posts
A Post is the entire accounting
transaction composed of PostEntries. The
sum of all PostEntries in a Post
should balance in a double entry accounting
scheme.
A Post is related to a specific
FiscalPeriod. A Post may also be
marked as a correction to a previous Post
where the posting date falls outside the targeted
FiscalPeriod.
The posting is complete when the Post
if posted. Before it is posted, the Post
may be updated and assembled wby creating
PostEntries. Typically, once a Post
is submitted it is frozen.
A Post is transactional in that the posting of all
PostEntries succeeeds or fails.
Business Cataloging
Posts and PostEntries
can be organized into federateble Businesses.
Sub Packages
The Financials Posting OSID contains a Financials
Posting Batch OSID for managing Posts and
PostEntries in bulk.
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