This post type is for offices with a unique GL chart of accounts or different default posting routes than the standard structure.
Steps:
- Navigate to ACCOUNTING > General Ledger > General Ledger Accounts.
- Click on Posting GL Accounts.
- Click the CREATE A NEW POSTING TO GL ACCOUNT.
- Enter the following information
Posting Criteria Description Posting Type Select Task Types. Office Select an office (only if this posting relates to a single office. Control Accounts Description Accounts Receivable Acct Accounts receivable for the selected office. For example, the total invoice amount for an office is debited to this account. Account Payable Acct Accounts payable for the selected office. For example, the total invoice amount for an office is credited to this account. Deferred Revenue Acct Deferred revenue for the selected office. For example, the total amount for deferred revenue transactions is credited to this account. Accrued Revenue Acct Accrued revenue for the selected office. For example, the total amount for accrued revenue transactions is debited to this account. Tax Accounts Description Output Tax Acct Tax on supplier invoices for a selected office. For example, the tax amount for a supplier is credited to this office account. Input Tax Acct
Tax on supplier invoices for a selected office. For example, the tax amount for a supplier is debited to this account. Billing Accounts
Description Billing Acct Billings on client invoices for the selected office. For example, the tax-exclusive amount of a client job invoice line that is a time or internal (revenue) charge type is debited to this account, where the invoiced line’s office matches this posting record. Billing - Supplier Charger Acct Billings on client invoices for a selected office. For example, The tax-exclusive amount of a client job invoice line that is a supplier or (external) charge type is debited to this account, where the invoiced line’s office matches this posting record. Billing Control Acct Billing on client invoices for a selected office. For example, the tax-exclusive total amount of a client job is credited to this account. Revenue & Expense Accounts Description Time Revenue Acct Revenue related to time (e.g., fee) charges for the selected office. For example, the amount on a client invoice line that is a time (revenue) charge type (exclusive of tax, markup, or service fee) is credited to this account, where the invoiced line’s office matches this posting record. Internal Charge Revenue Account Revenue related to internal charges (e.g., recoveries) for the selected office types. For example, the amount on a client invoice line that is an internal (revenue) charge type (exclusive of tax, markup, or service fee) is credited to this account, where the invoiced line’s office matches this posting record. Mark Up Revenue Acct An account that revenue related to markup (e.g., loadings on supplier charges) for the selected office type. For example, the amount of markup on a client invoice line is credited to this account, where the invoiced line’s office matches this posting record. Service Fee Revenue Acct Revenue related to service fee (e.g., a % based fee added to the line) charges for the selected office. For example, the amount of service fee on a client invoice line is credited to this account, where the invoiced line’s office matches this posting record. Forex Gains/Losses Acct Foreign exchange gains or losses are posted on client receipts and supplier payments. For example, payments for a client invoice are receipted at a different FX rate than the invoice was posted at. The ensuing FX Gain or Loss is posted to this account. Forex Revaluation Acct Foreign exchange gains or losses generated by the system FX Revaluation function for A/R, A/P, and Bank Balances. For example, an A/R (client invoice) balance is revalued at month's end. If the revaluation is favorable, the revaluation amount is credited to this account (unfavorable revaluation amount is debited to this account). - Click SAVE or SAVE &. CLOSE.