Cash Purchases: Generated Transactions
As you process cash purchases, the system generates the GL transactions described in the following sections.
Transactions Generated for a Cash Purchase
When you release a cash purchase, the system generates the following general ledger transactions:
| Account | Debit | Credit |
|---|---|---|
| Cash account | 0.00 | Amount - Cash discount amount |
| Expense account | Amount | 0.00 |
| Cash discount account | 0.00 | Cash discount amount |
You can view the reference number of the GL batch on the Financial tab of the Cash Purchases (AP304000) form.