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Difference between revisions of "Account Codes"
(Tag: Visual edit) |
(Tag: Visual edit) |
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| + | == Account Codes == | ||
This maintenance screen allows users to configure accounting entry preferences for transactions. <blockquote>''<span class="col-blue-navy">This is not to be mistaken with the [[Chart of Account]] maintenance</span>''</blockquote>[[File:Account Codes Maintenance.png|alt=Account Codes Maintenance|center|thumb|891x891px|Account Codes Maintenance]] | This maintenance screen allows users to configure accounting entry preferences for transactions. <blockquote>''<span class="col-blue-navy">This is not to be mistaken with the [[Chart of Account]] maintenance</span>''</blockquote>[[File:Account Codes Maintenance.png|alt=Account Codes Maintenance|center|thumb|891x891px|Account Codes Maintenance]] | ||
<br /> | <br /> | ||
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*DC - Discount | *DC - Discount | ||
| − | |||
{| class="wikitable" | {| class="wikitable" | ||
!Field | !Field | ||
| Line 31: | Line 31: | ||
|• Account List provided under Chart of Accounts Module | |• Account List provided under Chart of Accounts Module | ||
|} | |} | ||
| − | Use of System Defined Accounts | + | |
| + | ===== Use of System Defined Accounts ===== | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
| Line 37: | Line 38: | ||
!Transaction | !Transaction | ||
|- | |- | ||
| − | |•DFG - Defective Goods Expense | + | |•DFG - Defective Goods Expense |
|• Sales Return / Purchase Return | |• Sales Return / Purchase Return | ||
|- | |- | ||
Revision as of 13:00, 28 December 2020
Account Codes
This maintenance screen allows users to configure accounting entry preferences for transactions.
This is not to be mistaken with the Chart of Account maintenance
List of system defined accounts:
- DFG - Defective Goods Expense
- AAR - Accounts Receivable (Accrual)
- ACOG - Cost of Goods (Accrual)
- ADV - Advance/Down Payment
- ASP - Sales - Parts (Accrual)
- IC - Inventory Clearing
- INVR - Inventory Replacement
- IS - Income Summary
- OP - Over Payment
- SRA - Sales Return Account
- YEC - Year-End Closing
- DC - Discount
| Field | Description | Expected Values |
|---|---|---|
| 1.Sales Account | • Account use when using the code in selling. | • Account List provided under Chart of Accounts Module |
| 2.Purchase Account | • Account use when using the code in selling. | • Account List provided under Chart of Accounts Module |
Use of System Defined Accounts
| Account Codes | Transaction |
|---|---|
| •DFG - Defective Goods Expense | • Sales Return / Purchase Return |
| •ADV - Advance/Down Payment | • Receipt Vouchers / Payment Voucher |
| •ACOG - Cost of Goods (Accrual) | • Auto-generated Accounts Receivable when creating Delivery Receipt. |
| •IC - Inventory Clearing | • Sales Return / Purchase Return |
| •INVR - Inventory Replacement | • Sales Return / Purchase Return |
| •IS - Income Summary | • Closing of Books / Trial Balance |
| •OP - Over Payment | • Receipt Voucher / Payment Voucher |
| •SRA - Sales Return Account | • Sales Return |
| •YEC - Year-End Closing | • Closing of Books / Trial Balance |
| •DC - Discount | • Sales Module / Purchase Module |