The following is a summary of the source of GL accounts on financial transactions:
If a bill segment has a financial effect, the distribution code to debit comes from the distribution code on the obligation type; the distribution codes to credit come from the calculation lines used to calculate the bill segment. Calculation rules define the distribution codes to be used when creating bill calculation lines.
Payment segments always have a financial effect; the distribution code to debit comes from the bank account on the tender source of the tender control of the tender, the distribution code to credit comes from the obligation type.
For adjustments that have a financial effect, refer to Adjustment Type Defines the GL Account for more information.
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 |
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