Slips of reflections within or at the end of the period are automatically generated by the LOGO application according to the defined reflection template. This operation is performed using Reflection Slips option located in the right mouse button menu of the "Reflection Templates" window.
When "Reflection Slips" option is selected, the "Reflection Template" filter window opens where reflection conditions are specified. The filter options and functions are:
The Date Range filter line is used to specify the date range of transactions to be transferred. Filtering is performed by entering the start and end dates.
The Division filter line is used to select the division(s) to be processed in reflection. The filter is applied by making a group or range definition.
Journal Slip: The filter line used to specify the display status of the slip resulting from the reflection. When Display is selected, the resulting journal slip is displayed on the screen.
Once the selection is made and "OK" button is clicked, the G/L slips window opens. The reflection is performed using the options located in the right mouse button menu of the G/L slips window.
The options and functions located in the right mouse button menu of the G/L Slips window are:
Reflection 1
Reflections within the period are recorded using Reflection 1 option. When Reflection 1 is selected, the LOGO application generates the Journal Slip by processing the accounts and rates specified on the reflection template.
The Description field of the generated Journal Slip displays In-Period Reflection Record With Date description. The debit or credit amount of the account specified on the Expense Reflection Account Code field of the template is distributed to account(s) specified on the Income Reflection Account Code field with the rates specified on the template.
Reflection 2
Reflections at the end of the period are recorded using Reflection 2 option. When Reflection 2 is selected, totals of the expense accounts specified on the reflection template are transferred into the expense reflection account.
The description field of the generated Journal Slip displays End-of-Period Reflection Record With Date description.
Close Incomes
When "close incomes" is selected, all accounts of codes starting with 600 that have credit balance are transferred into the account numbered 690.
Close Expenses
When "close expenses" is selected, all accounts of codes starting with 600 that have debit balance are transferred into the account numbered 690.