Understand where postings appear on Banks & Journals

Updated Sep 16th, 2020

Who is this guide for?

Accounts Users and Accounts Supervisors

You would like to know what bank, journal or other account will be affected when you make a particular type of financial posting in the Banks & Journals area.

This document describes the effect of each financial posting type in the Banks & Journals area. Positive figures are suffixed with a ‘+’ sign and negative figures with a ‘-‘ sign. This should help you to understand the accounting methods within Osprey

Last Year’s Profit adjustments

The posting types for ‘Last Year’s Profit Adjustments’ (from LYPROFIT) are ‘Transfer LYP to Nominal’ and ‘Transfer Nominal to LYP’

Petty Cash postings

The ‘Petty Cash Postings’ (From PETTYCASH) posting types available are ‘Petty Cash from Bank’ and ‘Petty Cash to Bank’.

VAT Journal postings

VAT Journal Postings (From VAT JNL) posting types are ‘VAT Payment’ and ‘VAT Adjustment’.