The Source Of GL Accounts On Financial Transactions

The following is a summary of the source of GL accounts on financial transactions:

Note:

The information in this topic refers to bills created using calculation rule based functionality. For details of the source of FTs for rate-based bills, refer to topics under the heading of ‘Classic Bills’.

The following table lists some examples of financial events, their standard accounting, and the source of distribution codes used to derive the GL accounts sent to your general ledger.

Financial event

GL Accounting

Source Of Distribution Code

Create a bill segment.

Debit: A/R

Obligation Type

Credit: Revenue

Calculation Line / Rule

Create a payment segment for a normal obligation

Debit: Cash

Bank Account on the Tender Source of the Tender Control for the Payment Segment's Tender.

Credit: A/R

Obligation Type

Canceling a payment

Debit: A/R

Obligation Type

Credit: Cash

Bank Account specified by the user on the cancel tender page. Note that this defaults to the original tender's bank account.

Create an adjustment to levy a charge

Debit: A/R

Obligation Type

Credit: Revenue

Adjustment Type

Create an adjustment with disbursement details

Debit: A/R

Obligation Type

Credit: Revenue (multiple)

Adjustment calculation line details