An Introduction to Posting Journal Entries in SAP BusinessObjects Planning and Consolidation

by Ryan Leask, Senior Director, BPC Solution Management, Enterprise Performance Management, SAP BusinessObjects, and Prakash Darji, Director, BPC Solution Management, Enterprise Performance Management, SAP BusinessObjects (January 2010)

Learn how to post journal entries for audited and controlled adjustments to planning data with SAP BusinessObjects Planning and Consolidation, including how to post, unpost, and delete journal entries.

Categories: Consolidation, Financials, Planning, SAP BusinessObjects Planning and Consolidation

Key Concept

All functionality in SAP BusinessObjects Planning and Consolidation is designed with the business user in mind, and Journals is no exception. Traditionally, tasks such as posting journal entries are in the realm of a financial department, and SAP BusinessObjects Planning and Consolidation aims to keep these business users in an environment that is familiar to them (e.g., Microsoft Excel). In fact, Journals has been seamlessly woven into the SAP BusinessObjects Planning and Consolidation Excel client so you do not have to learn new tools or technology to start using it.

Within the finance department, companies post journal entries at the end of their monthly or quarterly financial close process to recategorize or adjust their actual financial transactions. SAP BusinessObjects Planning and Consolidation allows you to manage journal entries and provides the full realm of controls to post, unpost, and track journal entries in your planning applications.

We’ll address the capabilities available for business users to work with and adjust their financial transactions using journals. We address journals generically, but all examples are from SAP BusinessObjects Planning and Consolidation, version for SAP NetWeaver. Typically you use the Journals functionality when implementing financial consolidations with SAP BusinessObjects Planning and Consolidation, but it is important to note that even if you are just using the planning capabilities, you may still use the Journals module if desired.

Note

The term SAP BusinessObjects Planning and Consolidation actually refers to two products:

SAP Business Planning and Consolidation, version for the Microsoft platform
SAP Business Planning and Consolidation, version for SAP NetWeaver

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