Profit Recovery Automatic Journal
Greentree automatically posts
to debit and credit general ledger accounts when processing an automatic
profit recovery journal. The posting occurs when you save a JC AR invoice.
- Debit - Debit the cost
of sales account specified on the job cost activity code assigned
to the original cost.
- Credit - Credit the original
account that was debited (usually work in progress) in relation to
the original cost.