Transaction Updates
Learn about the updates that occur when you save Accounts Receivable
transactions.
Invoice Transaction
GL Line
- [Debit] - Debtors Account
(total value of invoice line)
- [Credit] - GL Account specified
in the invoice line (net value of invoice line)
- [Credit] - Tax Account
(tax value of invoice line)
IN Line
- [Debit] - Debtors Account
(total value of invoice line)
- [Credit] - IN Sales Account
(net value of invoice line)
- [Credit] - Tax Account
(tax value of invoice line)
- [Debit] - IN Cost of Goods
Sold Account (cost value of invoice line)
- [Credit] - Inventory Account
(cost value of invoice line)
NS Line
- [Debit] - Debtors Account
(total value of invoice line)
- [Credit] - GL Sales Account
of the non-stock code selected in invoice line (net value of invoice
line)
- [Credit] - Tax Account
(tax value of invoice line)
JC Line
- [Debit] - Debtors Account
(total value of invoice line)
- [Credit] - GL Sales Account
for job sales code selected in invoice line (net value of invoice
line)
- [Credit] - Tax Account
(tax value of invoice line)
TX Line
- [Debit] - Debtors Account
(total value of invoice line)
- [Credit] - Tax Account
(total value of invoice line)
Credit Note Transaction
The updates outlined above for invoice transactions are reversed for
credit note transactions.
Receipt Transaction
Receipt Type
is Cash, Cheque, Banked Credit Card, or Banked Deposit
- [Debit] - GL Bank Account
for bank selected in receipt header.
- [Credit] -Debtors Account
Receipt Type is Non-banked Credit Card
- [Debit] -Credit Card GL
Clearing Account, this is specified on the Credit
Card Maintenance form
- [Credit] -Debtors Account
Receipt is Dishonoured (Credit Card Receipt for non-banked card)
This is an AR Journal that reverses original receipt.
- [Debit] - Debtors Account
- [Credit] - Credit Card
GL Clearing Account, specified on the Credit Card Maintenance form
Receipt has
a Variance (Credit Card Receipt for non-banked card)
This is a GL Journal.
- [Debit] - GL Bank Account
(actual amount received)
- [Debit] - Credit Card GL
Variance Account, specified on the Credit Card Maintenance form (variance
amount)
- [Credit] - Credit Card
GL Clearing Account, specified on the Credit Card Maintenance form
(full requested amount)
Journal Transaction
Credit Journal
- [Debit] - GL Account selected
in journal header (this defaults to the GL Module Control form if
the Journal Header option to Use
GL Control Account is selected)
- [Credit] - Debtors Account
Debit Journal
- [Debit] - Debtors Account
- [Credit] - GL Account selected
in journal header (this defaults to the GL Module Control form if
the Journal Header option to Use GL Control Account is selected)