Lab 05 Create Accounting Using Seeded SLAM

with Custom AAD

Objective: To understand how to modify a standard SLA
to meet client specific requirements and create 20-30 minutes
accounting.

Task
In the Copy and Create flow in Lab 3 & 4, you created your own AMB
components by copying and modifying the seeded definitions. You assigned
your AAD to the seeded SLAM Standard Accrual. When you create
accounting for any ledger that has this SLAM assignment, the invoices will
be accounted per your rules. This exercise involves entering a transaction
and generating accounting for it per your definition in Exercise 1.

Detailed Steps
1. Create a standard Payables invoice for operating unit Vision
Operations (USA), with 2 item lines, validate the invoice, and
create online accounting in final mode to post to GL.
Note: If you use Supplier number 1005, you should remove
the Distribution Set name that will default into the invoice
header, otherwise this will generate confusing results.
2. View the accounting lines generated.
3. View the journal entry.
4. View the details of one liability line.
5. View the entry in t-account format. (Warning: this might take
a long time to appear – go for a coffee!)
Solution
1. Use the Actions button to submit online accounting for the invoice.

Figure 1 - Create Online Accounting for a Payables Invoice

2. Use the toolbar to access accounting entry for the invoice, displaying
all lines generated. Note that if there are multiple representations
i.e. reporting currencies and secondary ledgers, a separate entry will
be generated for each; but all lines belonging to all entries will be
displayed on this page.

Figure 2 - Accessing Accounting Entry from Invoice Workbench

Figure 3 - View Journal Entry Lines

3. Use the button View Journal Entry to access more details of the entry
with the header information. Notice that the liability lines have not
been summarized per the liability JLT definition you had created.

Figure 4 – View Journal Entry

4. Select the link Show for one of the liability lines to view the details.
Notice the description is created per your JED.

Figure 5 - Journal Line Details and Description

5. Select the button View T-Account.

Figure 6 - View Journal Entry in T-Account Format