Transaction Posting History
The Transaction Posting History provides users with an overview of the history of transactions that have been posted to the Financial Transaction Ledger within Metrix for the Budget Bucket. In most cases, this will be a single processing batch associated with the final capitalisation of the Capital Spends, however, more batches may exist if the works were processed to WIP (Works in Progress) during the life of the project.
The following information is provided, per Budget Bucket Component Item:
- Component - This is the Metrix Record ID (component ID) of the Budget Bucket Item.
- Finance Category - The Finance Category that the transaction was capitalised against.
- Transaction Type - The Transaction Type that the transaction was capitalised against.
- Effect - The effect (Gross or Accumulated Depreciation) of the Transaction Type.
- Posting Date - The date that the transaction was posted to the Financial Transaction Ledger.
- Value - This is the SUM of the transaction values that were posted to the Financial Transaction Ledger for the Budget Bucket Item, for the selected Finance Category and Transaction Type.
The presence of a Transaction Posting History entry confirms that some or all of the Capital Spends associated with the Budget Bucket will be locked for editing. That is, once a transaction has been posted to the Financial Transaction Ledger, the Capital Spends associated with the Budget Bucket Item will be locked for editing.
You may notice the use of the term, Batch. This is a reference to a ‘group’ of transactions that are processed in one bulk operation. These same ‘groups’ can be reverted as one operation, and are thus referred to as a ‘Batch’ in the system.