Docstoc

Journal Types for Debtors and Creditors

Document Sample
Journal Types for Debtors and Creditors Powered By Docstoc
					                 Transaction Entries and their Reversing Journal Types

     Debtors Module (Client Accounts / Accounts Receivable)
                                                         Effect on    Sign of GL    Default     Sign of   Other GL Acct
                        Tran              Reversing                  Control Acct
   Original Entry              Action                    Balance                    Control      Other      to Specify
                        Type             Journal Type     Owed                       Acct        Acct
      Invoice           INV     enter                    increase       debit       Debtors      credit         Sales
                               reverse   CN / WO / JCR   decrease       credit      Debtors      debit          Sales
    Credit Note          CN     enter                    decrease       credit      Debtors      debit          Sales
                               reverse       JDR         increase       debit       Debtors      credit         Sales
     Payment            PAY     enter                    decrease       credit      Debtors      debit          Bank
(Cash Jnl to reverse)          reverse     RF / JDR      increase       debit       Debtors      credit         Bank
  Discount Given        DIS     enter                    decrease       credit      Debtors      debit          Sales
                               reverse       JDR         increase       debit       Debtors      credit         Sales
      Interest           INT    enter                    increase       debit       Debtors      credit   Interest Revenue
    (Calculated)               reverse       JCR         decrease       credit      Debtors      debit    Interest Revenue
      WriteOff          WO      enter                    decrease       credit      Debtors      debit        Bad Debts
                               reverse       JDR         increase       debit       Debtors      credit       Bad Debts
      Refund             RF     enter                    increase       debit       Debtors      credit         Bank
(Cash Jnl to reverse)          reverse    PAY / JCR      decrease       credit      Debtors      debit          Bank
  Credit Interest        CIN    enter                    decrease       credit      Debtors      debit    Interest Expense
                               reverse       JDR         increase       debit       Debtors      credit   Interest Expense
  Journal Credit        JCR     enter                    decrease       credit      Debtors      debit      Sales or Bank
                               reverse       JDR         increase       debit       Debtors      credit     Sales or Bank
   Journal Debit        JDR     enter                    increase       debit       Debtors      credit     Sales or Bank
                               reverse       JCR         decrease       credit      Debtors      debit      Sales or Bank
 Opening Balance         OB     enter                    increase       debit       Debtors      credit         Sales
                               reverse     WO / JCR      decrease       credit      Debtors      debit          Sales



                        Creditors (Suppliers / Accounts Payable)
                                                                      Sign of        Default    Sign of   Other GL Acct
                                                         Effect on                   Control
                        Tran              Reversing                      GL                      Other      to Specify
   Original Entry              Action                    Balance                      Acct
                        Type             Journal Type     Owed        Control                    Acct
                                                                       Acct
      Invoice           INV     enter                    increase      credit       Creditors    debit         Expense
                               reverse   CN / WO / JDR   decrease      debit        Creditors    credit        Expense
    Credit Note          CN     enter                    decrease      debit        Creditors    credit        Expense
                               reverse       JCR         increase      credit       Creditors    debit         Expense
     Payment            PAY     enter                    decrease      debit        Creditors    credit         Bank
(Cash Jnl to reverse)          reverse     RF / JCR      increase      credit       Creditors    debit          Bank
     Discount           DIS     enter                    decrease      debit        Creditors    credit        Expense
     Received                  reverse       JCR         increase      credit       Creditors    debit         Expense
  Penalty Interest       INT    enter                    increase      credit       Creditors    debit    Interest Expense
                               reverse       JDR         decrease      debit        Creditors    credit   Interest Expense
      WriteOff          WO      enter                    decrease      debit        Creditors    credit        Expense
                               reverse       JCR         increase      credit       Creditors    debit         Expense
      Refund             RF     enter                    increase      credit       Creditors    debit          Bank
(Cash Jnl to reverse)          reverse    PAY / JDR      decrease      debit        Creditors    credit         Bank
  Credit Interest       CIN     enter                    decrease      debit        Creditors    credit     Interest Recd
                               reverse       JCR         increase      credit       Creditors    debit      Interest Recd
  Journal Credit        JCR     enter                    increase      credit       Creditors    debit    Expense or Bank
                               reverse       JDR         decrease      debit        Creditors    credit   Expense or Bank
   Journal Debit        JDR     enter                    decrease      debit        Creditors    credit   Expense or Bank
                               reverse       JCR         increase       cred        Creditors    debit    Expense or Bank
 Opening Balance         OB     enter                    increase      credit       Creditors    debit         Expense
                               reverse     WO / JDR      decrease      debit        Creditors    credit        Expense
                           Transaction Entries and
                        their Reversing Journal Types
          Debtors Module (Client Accounts / Accounts Receivable)

                                               Reversing Journal   Effect on
  Original Entry         Tran Type   Action
                                                     Type        Balance Owed
      Invoice              INV        enter                        increase
                                     reverse    CN / WO / JCR      decrease
    Credit Note             CN        enter                        decrease
                                     reverse         JDR            increase
     Payment               PAY        enter                        decrease
(Cash Jnl to reverse)                reverse       RF / JDR         increase
  Discount Given           DIS        enter                        decrease
                                     reverse         JDR            increase
      Interest              INT       enter                        increase
    (Calculated)                     reverse         JCR           decrease
      WriteOff             WO         enter                        decrease
                                     reverse         JDR            increase
      Refund                RF        enter                        increase
(Cash Jnl to reverse)                reverse      PAY / JCR        decrease
  Credit Interest          CIN        enter                        decrease
                                     reverse         JDR            increase
  Journal Credit           JCR        enter                        decrease
                                     reverse         JDR            increase
   Journal Debit           JDR        enter                        increase
                                     reverse         JCR           decrease
 Opening Balance            OB        enter                        increase
                                     reverse      WO / JCR         decrease

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:58
posted:5/17/2012
language:English
pages:2
fanzhongqing fanzhongqing http://
About