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Accounting for Notes Receivable

This section compares the accounting entries that Receivables creates for a regular receipt and a note receivable.

Cash Receipt Note Receivable
Create Receipt Requiring Remittance
DR Confirmation
CR Receivables
Create Note Requiring Remittance
DR Notes Receivable
CR Receivables
Standard Remittance
DR Remittance
CR Confirmation
Factored Remittance
DR Factor
CR Confirmation
Standard Remittance
DR Notes Receivable
CR Notes Receivable
Factored Remittance
DR Factor
CR Confirmation
Clear
DR Cash
DR Bank Charges
CR Short Term Debt
Clear Factored Note (prior to maturity date)
DR Cash
DR Bank Charges
CR Short Term Debt
Maturity Date
DR Short Term Debt
CR Factor
Maturity Date
DR Cash
CR Notes Receivable
Risk Eliminate
DR Short Term Debt
CR Factor
Risk Eliminate
DR Short Term Debt
CR Factor

See Also

Notes Receivable Report

Reversed Notes Receivable Report


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