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Each specific entry collected from the system is a Journal line. Journal lines are extensively tailorable, and may have more or less details to distinguish them buy.
In the most common case, Journal line is the amount credited or debited to a specific account and per specific purpose. For example, the amount credited to account 1 as a “Disbursement payment”.
Some Journal lines can also be allocated by the way they are recorded (totally or by period) and a specific type of related evern - for example one line is total amount that has been accrued, i.e. is to be debited to the account 2 as a “Principal pay-off”. In fact, Journal lines are usually created
One of the ways to think of Journal lines is like about rows of an .xlsx report. And thus, the good practics is to create each line in compliance with the usual practices and processes the and/or specific company uses goals for accounting.
A set of Journal lines that is collected together is a Journal. The typical practice is to keep Journal reasonably allocated in compliance with your company’s accounting procedures. Some of the typical Journals would be “Disbursement”, “Daily Fees”, “Daily Interes”, etc. When a journal is created, the accounting rule is to keep it balanced, ensuring the all the debited payments are balanced with the credited ones (see more on the Journal Settings description). If Journal lines, are .xlsx report, the Journal is such a report (one page).
When the data is collected, it collect all the defined Journals. A set of Journals collected at one time is called a Batch. This is the big .xlsx file that cotains pages of reports (Journals), each of which has a set of rows (Journal lines).