Rounding of AR Document Amounts: Generated Transactions
As you create and release AR documents with rounded amounts, the system generates the GL transactions described in the following sections.
Transaction Generated for AR Invoice and Debit Memo
When you create and release an AR invoice or debit memo, the system generates the following general ledger transaction.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Accounts Receivable account | The account specified for the customer in the AR Account box on the GL Accounts tab of the Customers (AR303000) form | Document amount (rounded) | 0.00 |
| Sales Revenue account | The account specified for the document in the Account column on the Details tab of the Invoices and Memos (AR301000) form | 0.00 | The sum of the document line amounts (unrounded) |
| Rounding Gain/Loss account | One of the accounts specified for the base currency on the GL Accounts tab of the Currencies (CM202000) form | Rounding gain amount | Rounding loss amount |
On the Financial tab of the Invoices and Memos form, the Batch Nbr. box shows the reference number of the GL batch. You can click this link to view the GL batch on the Journal Transactions (GL301000) form.
Transaction Generated for a Credit Memo
When you create and release a credit memo, the system generates the following general ledger transaction.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Accounts Receivable account | The account specified for the customer in the AR Account box on the GL Accounts tab of the Customers (AR303000) form | 0.00 | Document amount (rounded) |
| Sales Revenue account | The account specified for the document in the Account column on the Details tab of the Invoices and Memos (AR301000) form | The sum of the document line amounts (unrounded) | 0.00 |
| Rounding Gain/Loss account | One of the accounts specified for the base currency on the GL Accounts tab of the Currencies (CM202000) form | Rounding loss amount | Rounding gain amount |
On the Financial tab of the Invoices and Memos form, the Batch Nbr. box shows the reference number of the GL batch. You can click this link to view the GL batch on the Journal Transactions (GL301000) form.
Transaction Generated for a Cash Sale
When you create and release a cash purchase, the system generates the following general ledger transaction.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Sales Revenue account | The account specified for the document in the Account column on the Details tab of the Cash Sales (AR304000) form | The sum of the document line amounts (unrounded) | |
| Rounding Gain/Loss account | One of the accounts specified for the base currency on the GL Accounts tab of the Currencies (CM202000) form | Rounding loss amount | Rounding gain amount |
| Checking account | The GL account specified in the Account box on the Cash Accounts (CA202000) form for the cash account that is selected for the document on the Cash Sales form | Document amount (rounded) |
On the Financial tab of the Cash Sales form, the Batch Nbr. box shows the reference number of the GL batch. You can click this link to view the GL batch on the Journal Transactions (GL301000) form.