Learn about the general ledger posting for debit and credit transactions for an FA Purchase transaction.
(a) |
If the FA Module Control option GL update depreciation to branch on asset is not selected: |
Debit [Purchase value] |
MyAsset.myAnalysis.CostAccount MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure MyAsset.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.FACostAccount GLControl.suspense |
Credit [Purchase value] |
GLControl.FAPurchaseClearingAccount MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure MyAsset.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.suspense |
(b) |
If the FA Module Control option GL update depreciation to branch on asset is selected: |
Debit [Purchase value] |
MyAsset.myAnalysis.CostAccount |
MYAsset.mtBranch.glAccountStructure MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.FACostAccount GLControl.suspense |
|
Credit [Purchase value] |
GLControl.FAPurchaseClearingAccount |
MyAsset.myBranch.glAccountStructure MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.suspense |
|