Hi,
In the Financial batch Entry window for General Entry type of batches, the Actual Batch Total shows an addition of both Debit and Credit totals of each transaction entry.
Therefore in realistic terms it it always showing double the actual totals of the transactions assigned to that batch.
can someone explain the reasoning behind this please?
*This post is locked for comments
It is not a simple answer however, the answer is 'that is how the developers insured that they have collected the right data' when they were building the batches.
Knowing that the number on the summary screen is 'double' the debit value gives you a quick verification of the batch content.
However, using that value does not validate any data entry or ensure that the data entered is correct for your purpose. It is really not that important a value and over the 20 years we have been doing this, have never been asked to deal with or change the value. We have for the past 20 years simply told our clients to 'ignor the value' as it really does not tell you or help with the content of the batch beyond knowing that the value shown is double the value of the debit or credit for the total batch.
Not sure that this helps, but it is my two bits on the matter.
This is how the batch total is designed, to show the absolute values of both; debit and credit.
That is exactly my question.
The batch total is 800, whilst journal total transactions in 400.
Batch total is simply the absolute value of the amounts entered, this is how it was initially designed. So if there is a journal with $ 400 credit and $ 400 debit, the batch total is 800.
Your feedback is highly appreciated,
Hi,
in GL Batches it is showing the total Sum of your Debit and credit side,because when you going to Prepare financial statements you will need the amount of that GL level entry for any specific account not the difference or nil amount,thats why it is showing you total amount not the differnece.i hope this answer will help you to understand this.
If it showed the net then for a correctly balanced journal it would show 0.
It would be better if there were two fields (Debit and Credit), but this is not something that has been done. Might be worth checking on Connect and suggesting this.
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,280
Super User 2024 Season 2
#2
Martin Dráb
230,235
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (