Setting Up AAIs for Receivable Trade Accounts in Foreign Currencies
AAI item RC (receivables trade) specifies the trade account that serves as a holding or clearing account until invoices are paid. The system retrieves the AR trade account to use based on the company number entered on the invoice. The system debits the trade account for the invoice amount when the invoice is posted and credits the AR trade account for the receipt amount when the receipt is posted.
This table shows the sequence in which the system searches for the account associated with AAI item RC with and without a general ledger offset code.
AAI Item |
Description |
AAI Hierarchy |
---|---|---|
RC (GL offset = xxxx) |
Accounts receivable trade account with GL offset |
If the AAI item does not exist, the system issues an error message. |
RC (GL offset = blank) |
AR Trade Account without GL offset |
If the AAI item does not exist, the system issues an error message. |
These examples show the search sequence and the relationships among the Currency, GL Offset, and Company fields on an invoice.