What is submitted journal entry in SAP FI - Financial Accounting?

SAP Term: submitted journal entry

• Component: FI

• Component Name: Financial Accounting

• Description: The accounting record that is submitted for approval before being posted to general ledger accounts. The trigger for a journal entry with the submitted status is the journal entry verification process in G/L accounting.

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• Key Concepts: 
  A submitted journal entry is a document used in SAP Financial Accounting (FI) to record financial transactions. It is a type of accounting document that is used to record the movement of funds between accounts. The journal entry contains the date, account numbers, and amounts of the transaction. It also includes a description of the transaction and the name of the person who created it. 
  
  How to use it: 
  To create a submitted journal entry in SAP FI, you must first enter the necessary information into the document. This includes the date, account numbers, amounts, and description of the transaction. Once all of this information has been entered, you can submit the journal entry for approval. Once approved, the journal entry will be posted to the appropriate accounts and will be visible in the system. 
  
  Tips & Tricks: 
  When creating a submitted journal entry in SAP FI, it is important to make sure that all of the information is accurate and complete. This includes double-checking all of the account numbers and amounts to ensure that they are correct. Additionally, it is important to make sure that all of the descriptions are clear and concise so that they can be easily understood by anyone who reads them. 
  
  Related Information: 
  Submitted journal entries are just one type of accounting document used in SAP FI. Other types of documents include payment requests, invoices, and credit memos. Additionally, there are various reports available in SAP FI that can be used to view and analyze financial data.