View source for Accounting Finance:Manual Adjustments-Working with Manual Adjustments with Pre-defined Contra Accounts

==Overview==

By the end of this course, you will be able to:
*Understand what contra accounting means
*Understand what pseudo account means
*Make adjustments into customer account

===Contra Accounting and Pseudo Account===

*The income part of contra accounting is controlled by the document type. If a document type has a pre-defined pseudo account, the system will automatically post the remaining invoice amount, after any tax postings, along with the control account posting. This way you never see which accounts the system uses, and you get no option to override the account.
*A pseudo account is used as a reference and connection to the actual account numbers.

==Working with Manual Adjustments with Pre-defined Contra Accounts==

:1. Select '''ASW Fastpath'''
:2. Select '''Cash management'''
:3. Select '''A/R cash management tasks'''
:4. Select '''A/R invoicing tasks'''
:5. Select '''Enter financial transactions'''
:6. Enter '''10''' into the '''Voucher type''' field
:7. Press '''Enter'''

[[File:ARManAdj1.png|400px]]



[[Category:Workflows-Finance]]
[[Category:Accounts Payable]]