Finance Updates

News, updates and information from the University of North Dakota Finance team.

JE Quick Tip #4- What is the difference between a journal entry and a journal import?

JE Quick Tip #4: Did you know that a journal entry and a journal import have the exact same effect on the general ledger and have the same supporting documentation requirements?

A journal entry is keyed directly into PeopleSoft Finance by the department and is meant to be used when there are few lines to key (example, a correction to a previous journal).

A journal import is submitted as a template by the department and imported by a central team.  A journal import is meant to be used when the entry has 10 or more lines.

Want to learn more than one tip per week? Visit the journal entry/journal import training site here: https://campus.und.edu/finance/training.html#journal

Do you have questions about this tip? Email und.journalimports@und.edu