Suspense Journals

Using Suspense Journal feature, we can post the unbalanced journal also. 
While posting the journal system will verify the Debit & Credit balance is not equal. 
Automatically system will add one set-off line for difference amount. 

Step 1:-Assign the Suspense account at Primary Ledger level.

Navigation:-Setup>Financial>Account Setup Manager>Accounting Setup

Enter the Primary Ledger

Click on the “Go”

Click on the “Update Accounting Options”

Click on the “Update”

Click on the “Next”

Enter the “Suspense Account”

Click on the “Finish” and Close form.

Step 2:-Define the Suspense account Rules.

Navigation:-Setup>Account>Suspense

Select the Primary Ledger

Select the Sources and Category

Select the account also.

After entered the above data Save and Close the form.

Note:-The above we have selected Source and Category is “Other”. That means its applicable any source and category.

Step 3:-Define the one Unbalance journal and post it.

Navigation:-Journal >Enter

The journal line 1 Debit having 1200 and Line 2 Credit is 1000.There is difference between Debit and Credit 200.

Save and Click on the “Post”

Click on the “Yes”

After complete the Concurrent program verify the journal

Step 6:-Query and Verify the Suspense set off line.

Navigation:-Journal>Enter

Click on the “Find”

Click on the

System automatically added Suspense set-off line by default.

you can see 200 Difference with Suspense Account.