Whenever transactions occur in Pinnacle that affect the General Ledger, one or more posting entries are made. These postings are transactions that add to or subtract from the amounts for each budget code set up in Pinnacle.
Pinnacle performs both commitment and expenditure postings. Commitment postings result from the estimated costs against work orders when the work orders are commenced. As work is completed and actuals or invoices are recorded, the commitment is reduced and expenditure is posted. Any outstanding commitment is un-committed when a work order is finalised.
Postings also result from the direct entry of invoices against contracts (expenditure postings), from contract payments (commitment and expenditure postings), from journal entries (expenditure postings) and from the day-to-day operations relating to asset management, such a depreciation, finalisation, and financial adjustments (expenditure postings).