Receivables Trade (RCxxxx)

The receivables trade (class) accounts serve as holding or clearing accounts until invoices are paid. The AAI item RC specifies the offset account that the system uses during the post process. The system creates this record with a document type AE (automatic entry).

The RC class can be specific for each customer. When you enter an invoice, the system retrieves the class code from the customer record, or you can specify a code on the invoice. You are not required to set up a business unit for this AAI item. Set up these RC items:

• Default AAI item for company 00000.

• Company-specific AAI items.

• G/L offsets RCxxxx (where xxxx is the G/L offset) for company 00000.

• Company-specific G/L offsets.

• Default AAI item for other receivables.

This table illustrates how to set up RC items:

Item	Description	Co	BU	Obj	Sub	Seq No.
RC	Default receivables class		100	1210		3.110
RC	Company 200-specific receivables class	200	200	1210		3.110
RCNOTE	Default Notes Receivables class code		150	1210		3.110
RCNOTE	Company 200-specific receivables class	200	250	1210		3.110
RCUSD	Company-specific currency class	70	70	1210		3.110

The system uses the business unit on the invoice in conjunction with the object account to locate the proper trade account. If the account combination (business unit and object) does not exist, the system returns an error message.