Financial reason

The Financial reason feature lets you set up a predefined list of financial reasons that can be used during document registration and posting in the system. This feature can be used globally in legal entities that have a primary address in any country or region.

1. Go to Organization administration > Setup > Financial reasons.
2. On the Action Pane, select New to create a financial reason.
3. In the Reason code column, specify a code to use for the financial reason when documents are registered and posted.
4. In the Default comment column, enter the comment that should be used as the default value in the Reason comment field for the financial reason. This comment should correspond to the reason code that is selected when documents are registered and posted.
5. In the Ledger, Asset, Bank, Customer, and Vendor columns, select the checkbox for each system module where the selected reason code must be available.

Financial reason feature is available in the following documents in all legal entities of your Finance environment:

• General journal (General ledger > Journal entries > General journal)
• Invoice journal (Accounts payable > Invoices > Invoice journal)
• Invoice register (Accounts payable > Invoices > Invoices register)
• Invoices approval journal (Accounts payable > Invoices > Invoices approval)
• Purchase order (Accounts payable > Purchase orders > All purchase orders)
• Sales order (Account receivable > Orders > All sales orders)
• Free text invoice (Account receivable > Invoices > All free text invoices)
• Project invoice proposal (Project management and accounting > Project invoices > Project invoice proposal)

When tax posting occurs, the values of the Reason code and Reason comment fields of the preceding documents are stored in the Tax transactions table.