Ledger journal types

This article describes the journal types that you can set up for financial journals. Use the Journal names page to set up journals that you can use throughout Dynamics 365 Finance.

Journal type	Purpose	Enter transactions on this page
Allocation	Create allocation transactions in an allocations journal. Before you can create an allocation journal, you must create an allocation rule on the Ledger allocation rule page.	Process allocation request
Approval	Post vendor invoices that have been approved to the appropriate ledger accounts.	Invoice approval journal
Bank check reversal	Reverse a posted check. To use this journal type, select the Use review process for payment reversals option on the Cash and bank management parameters page.	Check reversals, Payment reversal
Bank deposit slip cancellation	Cancel a deposit slip. To use this journal type, select the Use review process for deposit slip payment cancellations option on the Cash and bank management parameters page.	Deposit slip payment cancellations
Budget	Process budget appropriations. To use this journal type, select the Enable budget appropriation option on the General ledger parameters page. The budget journal entries will include information that is based on the ledger accounts that are defined on the Posting definitions page.
Customer accept bill of exchange	Create customer acceptance transactions for bills of exchange.	Draw bill of exchange journal, Redraw bill of exchange journal
Customer bank remittance	Create a bill of exchange remittance file that can be sent to your organization’s bank. To use this journal type, clear the Automatic settlement option on the Accounts receivable parameters page.	Remittance
Customer draw bill of exchange	Create customer draw bill of exchange transactions. To use this journal type, clear the Create and post draw journal automatically when posting invoices option on the Methods of payment - customers page.	Draw bill of exchange journal
Customer payment	Create customer payment transactions.	Payment journal
Customer protest bill of exchange	Create customer protest bill of exchange transactions.	Protest bill of exchange journal
Customer redraw bill of exchange	Create customer redraw bill of exchange transactions.	Redraw bill of exchange journal
Customer settle bill of exchange	Create customer settle bill of exchange transactions.	Settle bill of exchange journal
Daily	Create daily transactions in a general journal.	General journal
Elimination	Create elimination transactions in an eliminations journal. To use this journal type, select the Use for financial elimination process and Use for financial consolidation process options on the Legal entities page. Before you can use this journal type, you must create a ledger elimination rule on the Ledger elimination rule page.	Elimination
Fixed asset budget	Create fixed asset budget register entries.	Fixed asset budget
Invoice register	Register basic information about vendor invoices.	Invoice register
Payroll disbursement	Issue payments that are based on Payroll pay statements. You can’t manually enter transactions in this journal. You must generate pay statements and then submit those statements for payment.
Periodic	Create periodic transactions for the periodic journal.	Periodic journals
Post fixed assets	Post fixed asset transactions.	Fixed assets
Project - expenses	Create project expense transactions.	Expense
Reporting currency adjustment	Create adjustments in the reporting currency for balances on ledger accounts.	Reporting currency adjustment journals
Statistic transactions	Create statistical transactions.
Vendor bank remittance	Create a promissory note remittance file that can be sent to your organization’s bank.	Remittance journal
Vendor disbursement	Create vendor disbursement transactions.	Payment journal
Vendor draw promissory note	Draw vendor promissory notes as a method of payment. To use this journal type, clear the Create and post draw journal automatically when posting invoices option on the Methods of payment - vendors page.	Draw promissory note journal
Vendor invoice pool excl. posting	Create vendor invoice transactions that haven't yet been posted to a temporary arrival account.	Vendor invoice pool excluding posting details
Vendor invoice pool	Create vendor invoice pool transactions.
Vendor invoice recording	Post vendor invoices that are in a journal.	Invoice journal
Vendor redraw promissory note	Redraw a promissory note that has previously been honored by your organization’s bank.	Redraw promissory note journal
Vendor settle promissory note	Create vendor settle promissory note transactions.	Settle promissory note journal