Accounting Transactions and the Transaction Center

Use the Transaction Center to record daily accounting activity.

Use the Transaction Center to enter and post various accounting transactions. Accounting data from posted transactions automatically flows to the chart of accounts, the appropriate subsidiary ledgers, and project records and reports.

Related Topics:

  • Transaction Types
    Many transaction processing types are available in the Transaction Center. Each transaction type generates postings to the general ledger.
  • Transaction Type Codes
    When you post a transaction file, DPS assigns a transaction type code to every transaction in the posted file. The codes help you identify transactions and offer a more secure audit trail.
  • Journal Entries
    Use journal entry transactions to enter payroll, withholding, and absence accrual data, if you are not using the DPS Payroll application.
  • Units and Accounting Transactions
    Units are goods or services, such as lab tests or survey crews, billed at a flat rate per item. Use a unit if, or example, you charge $90 per hour for a two-person survey crew, no matter who the two surveyors are and how much their labor costs.
  • Transaction Entry and Posting
    Use the Transaction Center to enter and post accounting transactions.
  • Security Access to Transactions
    Your system administrator uses Role Security to specify the types of transactions that a role can access, as well as the functions that the role can perform for each transaction type.
Parent Topic: General Accounting Concepts