Strengthen financial accuracy and control by defining accounting periods for each legal entity by maintaining a chart of accounts. Then, automatically generate dual-entry journal entries based on billing transaction types and general ledger assignment rules.
Where: This change applies to Lightning Experience in Professional, Enterprise, and Unlimited editions where Insurance Brokerage SKU is enabled.
How: From Setup, in the Quick Find box, find and select Billing Settings, and turn on Create Transaction Journals for Transactions. Then, create general ledger accounts and assignment rules, and define the criteria for billing transactions.