UBS do not need to post Journal to Ledger

In UBS Accouting, users do not need to post journal entries to ledger. All entries are made at the Transaction File Management screen under different Batches. Once the entries are entered, the values will appear for the respective ledger accounts in the financial reporting. In Navision, entries are entered at the journals and must be posted to Ledger before the values will appear in financial reporting.

In UBS Accouting, uers allowed to change the transaction entries as long as the Batch is not locked yet. Batches can be un-locked if changes need to be made. In Navision, users are not allowed to change any transaction entries after posting to ledger. Additional entries are posted to made adjustment to the incorrect entries.

In UBS, Journals are created in Batches. All entries for the Batches are entered at the Transaction File Managment screen. Batches in Navision are not Journals. Navision has many Journal entry screen such as General Journal, Cash Payment Journal, Cash Receipt Journal. Batches in Navision are created under each journal screen to seperate one user's entries from another.