OSID - osid.financials.posting Package Description

Package osid.financials.posting

Title Financials Posting Open Service Interface Definitions

Version 3.0.0

Description

Package	osid.financials.posting
Description	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.

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.