Comapny Location Fields | |
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Field Name | Description |
Location | This field selects a location from the General ledger location segment in the chart of accounts. This is used to override entries that have locations. For example lets say that you have a COGS account configured as 6000-00 and 00 is your "home office" location - if you sell an item the Chicago location "01" the 01 would be used in the transaction to derive the cogs account - for example 6000-01 |
Bank Account | This is the default Bank account for this location. This will default the bank account to transaction screens based upon your user id and profile.
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AR Account | This is the default accounts Receivable account that will default on Accounts Receivable Transactions for this location. |
AP Account | This is the default Accounts Payable Account that will default on Accounts Payable transactions |
Vendor prepaid | This is the account that is Debited when a prepaid is created. When you are creating a prepaid you are not expensing the transaction you are processing, you are creating a prepaid asset that will be applied to future vouchers. |
Customer Prepaid | This is the Account that you are crediting when you are creating the liability on a customer prepayment - so the creation of a prepaid will debit Accounts Receivable and Credit Prepaid. |
Service Charges | |
Cash over and short | |
Write off | |
Credit Card Fee | |
Default Sales Account | |
Discount Account | |
Interest Account | This is the account that will be debited when interest expense is created based upon terms codes of a voucher. |
Witholding Account | |
Undeposited Funds | |
Prepaid Account | |
Deferred Payable | |
Petty Cash | |
Deferred Revenue |
Overview
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