Difference between revisions of "Accounting Finance:Manual Adjustments-Working with Manual Adjustments with Pre-defined Contra Accounts"

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(Created page with "==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 ac...")
 
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*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.
  
*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.
  
*A pseudo account is used as a reference and connection to the actual account numbers.
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===Pre-defined Document Types===
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  +
*HID (A/R hidden discount) 401000
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*CLR (A/R-A/P Clearing) 210050
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*CS (Car Stock) 210500
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*GST (GST) 122500
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*PST (PST) 210700
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*PO (PO Adj) 210400
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*VCR (Vendor Credit) 210050
   
 
==Working with Manual Adjustments with Pre-defined Contra Accounts==
  
==Working with Manual Adjustments with Pre-defined Contra Accounts==
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[[File:ARManAdj1.png|400px]]
  
[[File:ARManAdj1.png|400px]]
   
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:8. Enter '''Document type'''
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:9. Enter '''Document date'''
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:10. Enter '''Customer number'''
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:11. Enter '''Transaction amount'''
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:12. Enter '''Due date''' or '''Terms of payment''' (optional)
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:13. Enter '''Text'''
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:14. Press '''Enter''' twice
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  +
[[File:ARManAdj2.png|400px]]
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:15. Enter invoice number into the '''Doc no''' field
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:16. Select transactions to settle adjustment '''OR'''
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:17. Select '''Maintain item settlement''' to enter a different amount than the transaction amount '''OR'''
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:18. Select '''Selection''' to enter document numbers '''OR'''
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:19. Select '''Settlement different''' to apply differences
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:20. Press '''Update''' OR
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:21. Select '''Cancel settlement''' and '''F11'''
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  +
[[File:ARManAdj3.png|400px]]
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  +
:22. Press '''F3'''
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  +
[[File:ARManAdj4.png|400px]]
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:23. Press '''F3'''
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[[File:ARManAdj5.png|400px]]
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:24. Mark '''Close batch'''
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:25. Change '''Printer queue''' to '''LP05'''
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:26. Press '''Enter'''
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[[File:ARManAdj6.png|400px]]
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:27. Press '''Enter'''
   
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[[File:ARManAdj7.png|400px]]
   
 
[[Category:Workflows-Finance]]
  
[[Category:Workflows-Finance]]
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[[Category:Accounts Payable]]
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[[Category:Accounts Receivable]]

Latest revision as of 09:37, 5 May 2017

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.

Pre-defined Document Types

  • HID (A/R hidden discount) 401000
  • CLR (A/R-A/P Clearing) 210050
  • CS (Car Stock) 210500
  • GST (GST) 122500
  • PST (PST) 210700
  • PO (PO Adj) 210400
  • VCR (Vendor Credit) 210050

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

ARManAdj1.png

8. Enter Document type
9. Enter Document date
10. Enter Customer number
11. Enter Transaction amount
12. Enter Due date or Terms of payment (optional)
13. Enter Text
14. Press Enter twice

ARManAdj2.png

15. Enter invoice number into the Doc no field
16. Select transactions to settle adjustment OR
17. Select Maintain item settlement to enter a different amount than the transaction amount OR
18. Select Selection to enter document numbers OR
19. Select Settlement different to apply differences
20. Press Update OR
21. Select Cancel settlement and F11

ARManAdj3.png

22. Press F3

ARManAdj4.png

23. Press F3

ARManAdj5.png

24. Mark Close batch
25. Change Printer queue to LP05
26. Press Enter

ARManAdj6.png

27. Press Enter

ARManAdj7.png

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