The Source Of GL Accounts On Classic Bill FTs

The following describes the source of GL accounts on classic bill financial transactions, some examples of bill related financial events, their standard accounting, and the source of distribution codes used to derive the GL accounts sent to your general ledger.

If a bill segment has a financial effect, the distribution code to debit comes from the distribution code on the obligation type; the distribution code to credit comes from the rate component(s) used to calculate the bill segment.

Financial event

GL Accounting

Source Of Distribution Code

Create a normal bill segment.

Bill Segment FT Algorithm is Payoff Amt = Bill Amt / Current Amt = Amt Due

Debit: A/R

Obligation Type

Credit: Revenue

Rate Component

Create a bill for company usage.

Bill Segment FT Algorithm is Payoff Amt = 0 / Current Amt = 0

Debit: Company Usage Expense

Obligation Type

Credit: Revenue

Rate Component

Create a bill for charity.

Bill Segment FT Algorithm is Payoff Amt=0 / Current Amt = Bill Amt

N/A - charity bills have no effect in the GL

N/A

N/A

N/A

Credit: A/R

Obligation Type