Transactions and Postings
Transaction postings happen in one of two ways: transactions can be manually created in the Financials > Transactions tab and then posted manually with the [Post] button, or they are automatically generated when business transactions, such as receiving inventory, sending out a shipment with an invoice, or receiving a payment, occur. By default, the system will post the automated transactions automatically, but this can be turned off so that all transactions are reviewed before being posted. Before any transaction is posted, the system will verify that the debits and credits are in balance. No unbalanced transactions can be posted.
Each transaction posted records the related business transaction, including party (customer/vendor), product, shipment, invoice, payment, invoice item, work effort (manufacturing or service task), as well as the user who posted it (or “system” if automatic.) There are several places to view the transactions posting records, including the Transactions > Find Transaction tab and the Transaction Summary and the Account Activity Details reports.