Page History
Item | Description | Category | Purpose |
---|---|---|---|
1 | Location | n/a | Used for account override and can be setup in the chart of accounts/ location segment |
2 | Company | n/a | Used for account override and can be setup in the chart of accounts/ Company segment |
3 | Bank Account | Cash account | Used to default bank account for this location |
4 | AR Account | Accounts receivable | This is the default account set on an invoice as a default |
5 | AP Account | Accounts Payable | This is the default account set on a voucher as default |
6 | Vendor Prepaid | Vendor Prepayments | This is the account that will be created for holding the amounts in prepaid. |
7 | Customer Prepaid | Customer Prepayments | This account holds the customer deposits |
8 | Service charges | General | This is the service charges account where the offset to the AR will be held.. this would be service charge revenue or collections interest revenue |
9 | Sales discounts | General | This is entered as discounts on the sales invoice |
10 | Cash Over Short | General | Used in the POS system when a daily drawer is not adding to the cash on hand total. |
11 | writeoff | writeoff | This is used in Cash receipts to default the account used to write off amounts over or short discovered during cash receipts |
12 | Commissions Expense | General | This is used as the expense account for commissions |
13 | Credit Card Fee | General | |
14 | Sales account | General | This is the default sales account for invoice entry for miscellaneous sales |
15 | Purchase discount | General | This is the account used for terms discounts amounts |
16 | Interest account | General | This is the amount used in cash receipts as a counter |
17 | Withholding | General | This account is not used at this point |
18 | Undeposited funds | Undeposited funds | This account is used as the offset on a cash receipt (Credit AR , Debit undeposited funds) |
19 | Deferred payable | Deferred payable | This is the deferred payable account that is credited when Deferred payables is created |
20 | Petty cash | Not used | |
21 | Deferred Revenue | Deferred Revenue | Software |
22 | Deferred payables interest | General | This is the interest charged on AP Deferred payables |
Overview
Content Tools