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  13. Create temporary postings

Create temporary postings

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Creating temporary postings is useful when you, for example, are paying documents in a foreign currency, and do not know the exact exchange rates. You can then hold the actual accounting. When you create temporary postings the debit and credit entries are made on temporary accounts. All the regular accounting journals that are created when you close a journal are printed. When the final payments are entered, by reporting the exact exchange rates, the entries on these temporary accounts are reversed and the proper accounting entries are made instead.

Prerequisites
To be able to use the function for temporary postings, you must set up pseudo accounts for the temporary accounts. See About working with pseudo accounts for instructions.

  1. Select the Work with A/P payment proposals menu item.
  2. On the Overview panel, select applicable the proposal and click Temporary postings.
  3. You access A/P payment proposal, Create temporary postings. On this panel you can override the document type and payment type if they are defaulted from Work with A/P payment modes. The following fields are mandatory:
    4. Doc type
    The document type controls the temporary liquid accounting for the G/L transaction. You can enter or change the A/P payment document type intended for temporary postings.
    Pay type
    This field controls information about the payment that you want to send to the financial institute. You can create different payment types in a payment mode. For example, if your company uses different currency accounts, then you can create a payment type for each of these accounts.

    Click OK.

  4. You access A/P payment proposal, Create temporary postings where you update the proposal. The following fields are relevant:
    5. Accounting period
    Enter the accounting period for the temporary postings.
    Voucher type
    The entry in this field will control the voucher numbering for the voucher number series defined for the type. Enter a voucher type from the Voucher type table. The type must be valid for PPRO routine.
    Voucher date
    The voucher date for the payments will be the payment date.

    Specify the printing parameters and click OK to update the temporary postings. The system will inform you when it is ready. It is still possible to maintain, print and update documents in the proposal. Note: You may re-create the payment order if Re-create payment order is set to YES in the A/P control file.

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