PowerSchool ERP Minnesota

Journal Entries

Use the MN UFARS Report - Journal Entries page to create reclassification journal entries in the Fund Accounting system based on UFARS data adjustments identified during the UFARS reporting process.

Use this page when:

  • You need to reclassify transactions between UFARS dimensions.

  • Adjustments are required to correct UFARS coding on existing transactions.

  • You want to record year-end reclassification entries for UFARS compliance.

  • Balances need to be moved between accounts for proper UFARS reporting.

  1. In the Year field, select the fiscal year for which the reclassification journal entries will be created.

  2. In the Period field, select the accounting period (1-13) for the journal entry.

  3. In the Journal Entry Number field, enter a unique identifier for the journal entry batch.

  4. In the Control Number field, enter the batch/control number for the journal entry.

  5. The Description field is view-only and cannot be updated.

  6. Select Submit, and then Yes.

  7. Select OK.