Differences between Accounting sequencing and Reporting sequencing

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Accounting sequencing:

The accounting sequence is assigned to Subledger Accounting journal entries at the time that the journal entry is completed. The sequence is assigned in the completion date order using the GL date as the date criterion for determining the sequence to be used.

Reporting sequencing:

The reporting sequence is assigned to both Subledger Accounting journal entries and General Ledger journal entries when the General Ledger period is closed. This sequence is used by most of the legal reports required in some countries as the main sorting criterion to display the journal entries.Reporting sequence is optional.

These two sequences are not mutually exclusive and can coexist in the same journal entry.

Accounting sequences work for all balance types, while Reporting sequences work only for Actual journals.

Reporting sequence is not designed to be generated for Budget and Encumbrance journals .