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Accounts Distribution

AR Invoice/Debit Memo

  Debit Invoice.ProfitCentre.Receivables

        Credit Invoice.ProfitCentre.Sales

        Credit Invoice.ChargeType.Sales

  Debit Invoice.ProfitCentre.TradeDiscount

AR Credit Memo

        Credit CreditMemo.Invoice.ProfitCentre.Receivables

Debit CreditMemo.Invoice.ProfitCentre.SalesReturn

Debit CreditMemo.ChargeType.Sales

        Credit CreditMemo.Invoice.ProfitCentre.TradeDiscount

AR Credit Adjustment

 

        Credit CreditAdjustment.ProfitCentre.Receivables

Debit CreditAdjustment.ProfitCentre.SalesReturn

AR Payment

 

Debit Payment.BankAccount

Debit Payment.Customer.ProfitCentre.TermDiscounts

            Credit Payment.Invoice.ProfitCentre.Receivables

            Credit Payment.Customer.ProfitCentre.Deposit (or Receivables)    (for unapplied amount)

            Debit/Credit Payment.Customer.ProfitCentre.ExchangeDifference

AR Rounding Difference Write-off

 

  If Difference Amount is positive

                        Credit Invoice.ProfitCentre.Receivables

                   Debit Invoice.ProfitCentre.ExchangeDifference

            else

                   Debit Invoice.ProfitCentre.Receivables

                        Credit Invoice.ProfitCentre.ExchangeDiffernce

 

AP Vendor Invoice/Debit Memo

 

Credit APInvoice.CostCentre.Payables

            if non stock invoicing

                        Debit APInvoice.CostCentre.Expenses

            else

                        if not IQC required

                                    Debit APInvoice.GRN.Item.InventoryCostCentre.Receipt

                        else

                                    Debit APInvoice.GRN.Item.InventoryCostCentre.Inspection

                        end if

            end if

            Debit APInvoice.ChargeType.Purchase

                Credit APInvoice.CostCentre.TradeDiscount

 

AP Vendor Credit Memo

 

Debit APInvoice.CostCentre.Payables

            if non stock invoicing

                        Credit APInvoice.CostCentre.Expenses

            else

                        if Purchase Return

                                    Credit APCreditMemo.PurchaseReturnNote.Item.InventoryCostCentre.PurchaseReturn

                        if Inspection Rejection

                                    Credit APCreditMemo.QCInspectionNote.Item.InventoryCostCentre.Inspection

            end if

            Credit APCreditMemo.ChargeType.Purchase

            Debit APInvoice.CostCentre.TradeDiscount

 

AP Debit Adjustment

 

            Debit APDebitAdjustment.CostCentre.Payables

            Credit APDebitAdjustment.CostCentre.TradeDiscount

 

AP Payment

 

          Credit APPayment.BankAccount

            Credit APPayment.Vendor.CostCentre.TermDiscounts

            Debit APPayment.APInvoice.CostCentre.Payables

            Debit APPayment.Vendor.CostCentre.Deposit (or Payable)    (for unapplied amount)

            Debit/Credit APPayment.Vendor.CostCentre.ExchangeDifference

 

AP Rounding Difference Write-off

 

    If Difference Amount is positive

                   Debit Invoice.CostCentre.Payables

                   Credit Invoice.CostCentre.ExchangeDifference

            else

                   Credit Invoice.CostCentre.Payables

                   Debit Invoice.CostCentre.ExchangeDiffernce

 

Stock Transaction

 

            If Inventory Method is Perpetual

                        If Source Type is “Shipment”
           
                        Stock Out

                                                Debit StockTransaction.Item.InventoryCostCentre.Issue Account   (Cost of Good Sold)

                                                Credit StockTransaction.Item.InventoryCostCentre.Inventory Account

If Source Type is “Sales Return”
           
            Stock In

                                                Debit StockTransaction.Item.InventoryCostCentre.Inventory Account

                                                Credit StockTransaction.Item.InventoryCostCentre.Issue Account (Cost of Good Sold)

If Source Type is “Good Received”

                                    Stock In

                                                Debit StockTransaction.Item.InventoryCostCentre.Inventory Account

                                                Credit StockTransaction.Item.InventoryCostCentre.Receipt Account (Purchase)

If Source Type is “Purchase Return”

                                    Stock Out

                                                Debit StockTransaction.Item.InventoryCostCentre.Puchase Return Account

                                                Credit StockTransaction.Item.InventoryCostCentre.Inventory Account

                        If Source Type is Entry

                                    Stock In

                                                Debit StockTransaction Header.InventoryCostCentre.Inventory Account

                                                Credit StockTransaction Header.InventoryCostCentre.Receipt Account (Purchase)

                                    Stock Out

                                                Debit StockTransaction Header.InventoryCostCentre.Issue Account   (Cost of Good Sold)

                                                Credit StockTransaction Header.InventoryCostCentre.Inventory Account

 

Stock Adjustment

 

If Positive Adjustment

            No Effect on General Ledger

 

If Negative Adjustment

            Debit Stock Adjustment Header.InventoryCostCentre.Issue Account (Cost of Good Sold)

            Credit Stock Adjustment Header.InventoryCostCentre.Inventory Account

 

 

 See also:

 

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