Posting Prepayments

The system writes records for the AA and CA ledgers for foreign currency transactions.

The system uses the Unapplied Case Tax Code (74R/UT) user-defined code (UDC) table to determine the GL offset account to use for journal entries. If the appropriate values are not set up in this UDC table, the system updates the batch status to E (error). The system writes records to the Prepayment Header Tax File (F74R310) and Prepayment Detail Tax File (F74R311) tables. The system also uses the processing option values that you set up in the Prepayment VAT Setup program (P74R3100). The system reads the values in the Prepayment VAT Setup program when you run the General Ledger Post program.

The system reads the F74R310 and F74R311 tables when you run the Purchase Book and Sales Book programs.

This table shows the prepayment transactions that are included in the purchase and sales books:

Sales Book	Purchase Book
Prepayment transactions included in this book are: Posted transactions for VAT for unapplied cash. Voids of unapplied cash receipts.	Prepayment transactions included in this book are: Applications of unapplied cash to an invoice. When you post these transactions, you reverse the entries to the VAT account that were made with the original transaction. you then must post the reversal as a void. Voids to the application of unapplied cash to an invoice.