| # Recurring Journal Status Registered The recurring journal definition has been entered but not validated. You can add and change the transaction details and instructions. ERP LN cannot use the recurring journal definition to generate journal transactions. Frozen You cannot make changes to the recurring journal definition, and ERP LN cannot use the recurring journal entry definition to generate journal transactions. For example, you can temporarily set the status to Frozen if you want to check its details. Approved The recurring journal definition and transaction details have been validated and the required recurring journal instructions have been defined for it. You cannot make changes to the recurring journal definition. ERP LN can generate journal transactions based on the recurring journal definition. You can set the status to Approved if the following conditions are met: If the data class is Transfer or Allowance, the total balance of the transaction details must be zero. If the data class is Payment, the total balance of the transaction details must be a negative amount because a credit posting is made to the control account. If the data class is Billing, the total balance of the transaction details must be a positive amount because a debit posting is made to the control account. If the Reversal Type of the instruction is Included for Periodic Reversal, a corresponding Periodic Reversal instruction must be present. If the Reversal Type of the instruction is Periodic Reversal, at least one Included for Periodic Reversal instruction must be present of which the reversal date is the generation date of the Periodic Reversal instruction. |