In Microsoft Dynamics 365 for Finance and Operations, there are two ways to post transactions to general ledger accounts. The first type is through the posting profile, which represents the integration point between the general ledger and subledgers, and it generates entries automatically, according to the posting profile setup. The second type is journal entries that post directly to ledger accounts, and or automatic entry generation through the posting profile if the journal used to post to subledger. The two ways are explained in detail as follows:
- Manual entry journal posting: The journal model in Microsoft Dynamics 365 for Finance and Operations is a journal header that contains voucher lines, in which the default data in the journal name (header) is copied into voucher lines such as currency and sales tax, which can be changed in the voucher line. Every subledger has its own journal name based on the transaction type.
- Automatic entry – posting profile: This is the integration point between subledgers (fixed assets, payables, inventory, banks, receivables, project, and production) and the general ledger. It is a set of ledger accounts that are used in generating the automatic ledger entry in which a transaction occurred. It is possible to select different ledger accounts for each type of subledger transaction. Microsoft Dynamics 365 for Finance and Operations offers flexibility in posting profile setups:
The voucher line can be a ledger account, vendor account, customer account, fixed asset, bank, or project. If the selected account is an option other than the ledger account, the subledger posting profile will directly post to the ledger account.