Accounting Entries for Claim Vouchers
Processing claims vouchers result in accounting entries between the PeopleSoft Payables and Receivables systems, as shown in this table:
Action: Claim Voucher Generated from the Claims Workbench, but not Posted
|
GL Business Unit |
Distribution Account Type |
Foreign Amount |
Foreign Currency |
Monetary Amount |
Currency Code |
|---|---|---|---|---|---|
|
DEU01 |
Accounts Receivable |
220 |
EUR |
220 |
EUR |
|
DEU01 |
Accounts Receivable Rebate Control |
(220) |
EUR |
(220) |
EUR |
|
DEU01 |
Cash |
220 |
EUR |
220 |
EUR |
|
DEU01 |
Accounts Receivable |
(220) |
EUR |
(220) |
EUR |
Action: Voucher Posted, Claim Voucher Closed
Continuing with the current example, this table shows the resulting accounting entries after voucher closure:
|
GL Business Unit |
Distribution Account Type |
Foreign Amount |
Foreign Currency |
Monetary Amount |
Currency Code |
|---|---|---|---|---|---|
|
DEU01 |
Accounts Receivable Rebate Control |
220 |
EUR |
220 |
EUR |
|
DEU01 |
Rebate Account 1 |
(60) |
EUR |
(60) |
EUR |
|
DEU01 |
Rebate Account 2 |
(40) |
EUR |
(40) |
EUR |
|
DEU01 |
Rebate Account 3 |
(100) |
EUR |
100) |
EUR |
|
DEU01 |
VAT Input |
(20) |
EUR |
(20) |
EUR |
When you process claim settlements from the Claims Workbench that are debit memos, the Voucher Posting process closes the claim voucher, debiting the payables account and crediting the rebate account.
Claim settlements that are a payment type other than debit memos (for example, checks) are handled by the Receivable Update Application Engine process (ARUPDATE). Here, the Receivable Update process closes the voucher by debiting the receivables account and crediting the rebate account.
For both processes, the system derives the rebate account information from the rebate agreement.