AR Profit Centre

This form is used for defining the profit centres for classifying transactions in both the sales and receivables modules. The profit centre for a transaction determines the accounts that will be updated when the transaction’s information is passed unto the General Ledger.

In Sales and Accounts Receivable, profit centres are specified in both the customer record and in invoice transactions. The basis for debiting invoice transactions will be the receivables account specified in the profit centre of the customer record.

See also: Usage for Receivables Profit Centre, Payables Cost Centre, Inventory Cost Centre

Explanation of Fields

Profit Centre

Capslock. Required.

Description

Required. Fixed position column.

Receivables Account

Capslock. Optional.

The account number specified here is used to summarize the customer account if the profit centre is linked to the customer record.

Sales Account

Capslock. Optional. For sales invoices, the amount of the transaction is credited to this account.

Trade Disc. Account

Capslock. Optional.

Term Disc. Account

Capslock. Optional.

Exch. Diff. Account

Capslock. Optional.

Sales Return Account

When a credit memo is posted, the amount involved will be debited to this account.

Remarks

Optional.