Automate Journal Entries

Preconditions:

Following the completion of your implementation, we recommend updating the Journal Entry Generation setting to Automatic Journal Entry Generation.

Prior to making the change, we also recommend that clients first perform an all encompassing Journal Entry Run to ensure that all Journal Entries have been generated prior to enabling automation. Learn more about creating a Journal Entry Run. 

Automatic Journal Entry Generation

When this feature is enabled, Journal entries are automatically generated for each transaction immediately after they get created in to the system. A Revenue Journal Entry will be created for lines with posting date(s) on or before the current date.

Steps:

1. 1. Navigate to Menu > Setup > Finance. 
   2. Select Automatic Journal Entry Generation. 
      
      
   3. Save when finished. 

Enable Creation of Journal Entries for Contracts (Order and Subscriptions)

This additional option allows for Journal Entries to be created for Subscriptions and Orders. Automatic Journal Entry Generation as described above must be enabled and Subscriptions/Orders accounting must be configured on product/charge in order to generate a JE with this setting.