Accounting Entries for Voucher Closure
When closing a voucher, the voucher is identified to prevent payments from being made for the voucher. The original voucher must be posted before the reversing entries can be created.
Action: Voucher Entered and Posted, Then Closed, Closed Voucher Posted
If the above voucher closes, the entries are:
|
GL Business Unit |
Distribution Account Type |
Foreign Amount |
Foreign Currency |
Monetary Amount |
Currency Code |
|---|---|---|---|---|---|
|
DEU01 |
Expense Distribution |
(9000) |
EUR |
(9000) |
EUR |
|
DEU01 |
Freight Expense |
(700) |
EUR |
(700) |
EUR |
|
DEU01 |
Freight Expense |
(300) |
EUR |
(300) |
EUR |
|
DEU01 |
Accounts Payable |
10000 |
EUR |
10000 |
EUR |
However, if the voucher has been partially paid, then only the portion remaining open is closed. Therefore, if the supplier pays 5000 EUR, the remaining 5000 EUR closes.
Action: Voucher Entered and Posted, 50 Percent of the Voucher Closed, Closed Voucher Posted
|
GL Business Unit |
Distribution Account Type |
Foreign Amount |
Foreign Currency |
Monetary Amount |
Currency Code |
|---|---|---|---|---|---|
|
DEU01 |
Expense Distribution |
(4500) |
EUR |
(4500) |
EUR |
|
DEU01 |
Freight Expense |
(350) |
EUR |
(350) |
EUR |
|
DEU01 |
Freight Expense |
(150) |
EUR |
(150) |
EUR |
|
DEU01 |
Accounts Payable |
5000 |
EUR |
5000 |
EUR |