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Topic

    Radhika Agiwal
    STA Journals
    Topic posted August 21, 2019 by Radhika AgiwalRed Ribbon: 250+ Points, tagged Allocations, Financials, General Ledger 
    18 Views, 1 Comment
    Title:
    STA Journals
    Summary:
    STAT Journals
    Content:

    Hi

     

    I have a question regarding stat journals to be used for Mass Allocations in Oracle GL Fusion.

     

    I created a Journals for Ledger: US CORP which has functional currency: USD.

     

    I created the journal with currency as STAT

     

    Now when i post the journal, i can see the accounted_dr and cr are in USD and entered_dr and cr are in STAT.

     

    Does it imply that journals in STAT currency will also affect Trial Balance ?

     

    My understanding was that journals in STAT currency doesn't affect your GL balances in the functional currency. Let' say if i create a STAT journal to record the headcount, why should it be affecting the Trial Balance ?

     

    Could you please help in filling the gaps here.

     

    Thanks in advance 

    Comment

     

    • Abhijit

      STAT Journals never affects any functional GL Balances (Trial Balance).

      Thanks,

      Abhijit