Flexible Offset Options

Financials uses the Offset Generation table to generate appropriate offsets for transactions. This table indicates the object code used in offset generation, based on the transaction's chart, fiscal year, document type, and the balance type it affects. Offsets are generated automatically by a Financials document or in 'Scrubber' during GL processing.

Normally, offsets are applied to the same account as the transaction that generated the offset. But Financials has a flexible offset feature that allows institutions to have offset entries applied to different accounts. This Financials feature includes two functions:

• Flexible banking offset

• Flexible offsets by account