Logic exists in the pay segment's FT algorithm that transfers amounts from payable holding distribution codes to their respective payable real distribution codes.
Refer to Setting Up Payment Segment Types for how to define the appropriate FT algorithm.
The following table shows what happens to the financial transaction associated with the payment segment for a cash accounting taxpayer.
|
Event |
GL Accounting |
|
Adjustment is created |
A/R 110 Revenue - State <100> County Holding <10> |
|
Payment segment relieves receivables |
Cash 110 A/R <110> |
|
Additional GL details created when the payment segment FT algorithm transfers the holding amount to a payable account |
County Holding 10 County Payable <10> |
|
Net affect of the above |
Cash 110 A/R <110> County Holding 10 County Payable <10> |
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