Skip to Content
avatar image
Former Member

Journal Entry vs Journal Voucher

Hi Experts,

What is the diff b/w Journal Entry and Journal Voucher?

Explain me briefly?

regards

anand

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

2 Answers

  • Best Answer
    avatar image
    Former Member
    Apr 10, 2011 at 10:31 AM

    Hi Anand.....

    Journa Entry is the final Account Posting and Journal Voucher is just a Save as draft in which Journal Entries are saved as draft.

    When you post Journal Entries from Journal Voucher it gets finalise for accounting......

    Try doing and check in Demo DB...

    Regards,

    Rahul

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member

      If you encoded directly in Journal Entry, the entry is automatically posted in the General Ledger. On the other hand, if you encoded in the Journal Voucher, which consists of one or more journal entries, the entries will not be posted to GL not unless the Journal Voucher is approved.

      You may use the Journal Voucher to group similar journal entries.

  • Apr 10, 2011 at 10:30 AM

    hello Anandakpd...

    Journal Voucher is a draft which needs to be approved before it is posted to the General Ledger - bottom line is it does not affect General Ledger dollars until it is approved and posted.

    Journal Entry is a real live document which updates the General Ledger dollars as soon as it is created.

    Basically, a clerk will create a Journal Voucher where they believe the dollars should be posted to specific GL Accounts. At this point no dollars are posted to GL. Then a supervisor or manager goes in to review the Journal Vouchers which were created and either approves those vouchers so they become Journal Entries and, therefore, post the actual dollars - OR - the supervisor can change the Journal Voucher with different accounts/amounts - OR - the supervisor can delete the Journal Voucher and have a new one created by the clerk.

    The whole reason for the Journal Voucher is to give some control to the process so the dollars which are posted are accurate. Think of it basically as a double check to make sure things are going correctly.

    Now having said that, SAP B1 creates Journal Entries automatically when a document is created - for example, posting dollars to Business Partner and Sales GL Account when an AR Invoice is created. There are many Journal Entries created by SAP B1 in this way...

    Regards - Zal

    Add comment
    10|10000 characters needed characters exceeded