Accounting Finance:Inventory Invoices-Working with Adjustments

Overview

By the end of this course, you will be able to:

Understand a General Ledger Account, Group, Sub-group and Cost center
Understand a Combination Check
Understand Account Completion
Make adjustments into a supplier account and post to a General Ledger Account and Cost Center

1. Select ASW Fastpath

2. Select Cash Management

3. Select A/P Cash Management Tasks

4. Select A/P Invoicing Tasks

5. Select Enter Financial Transactions

6. Enter Voucher type 30

7. Enter Batch amount

8. Press Enter

9. Enter Document type AD1

10. Enter Supplier number

11. Enter Supplier invoice no

12. Enter Supplier invoice dte

13. Enter Transaction amount

14. Enter Due date or Terms of payment

15. Press Enter to confirm

16. Enter Main (G/L account #)

17. Enter Cost (Cost centre)

18. Press Enter to confirm

The G/L has a multidimensional account file which enables you to keep track of transactions on several levels
An account string consists of a main account code and up to five more account dimensions
Your main account part is mandatory, however, your other 4 dimensions may be optional

Account completion adds the group and sub-group into your account parts when the cost center is entered
The account completion function is especially useful when entering repetitive account code details

A combination check verifies if the Group, Sub-group and Cost centre are valid for the account entered
For example, account 600000 (POS Installations) is valid only for Cost 1420
Change Cost to 1420 and remove Group and Sub-group to have the system perform the account completion