Oracle apps - Types of Journal
entries - June 11, 2010 at 15:30 PM by Babu Kunwar
What are different types of Journal entries?
Journal entries are based on business transaction and correct
effect of entries bring apparent balance sheet and profit or loss. The
different types of Journal Entries are:
1 Standard Journal Entry: This type uses Journal Entry as
foundation for creating the two types of Standard Journal Entries:
Template. Template automate the entry of similar or
identical journal entries. It does not copy the monetary amounts in the
successive journal entry.
Recurring. Recurring automate the entry of similar or
identical journal entries. It copies the monetary amounts in successive journal
entries. It can be created across accounting periods or for multiple accounting
2 Copy Journal Entry: It uses an existing journal entry as
the basis for a new journal entry and makes a copy of an existing journal
entry, including dollars. You can copy any journal entry and then change the
header or detail lines. You can mark it as a reversal so debits and credits are
3 Allocation Type Journal Entry: It allows for an allocation process to
calculate the values to be included in the journal entries. Allocations are
typically used to allocate certain balances and statistical quantities across
Business Units, Funds and/or Departments.
Quick Pick is variable because it selects values from
user-defined tables. Quick Code is static & it selects..............
The main beneficial use of the custom library is allowing
extension to Oracle Application without modification of Oracle Application