Taxable Receivables Accounts (4822 and 4823)

The billing AAI numbers 4822 and 4823 for the taxable receivables accounts are optional. You use these billing AAIs to create accounting entries for the taxable invoice amount from the workfile transaction.

AAI 4822 defines the taxable receivables account to credit when you create invoice journal entries, and AAI 4823 defines the taxable receivables account to debit when you create invoice journal entries.

The system debits and credits these accounts when you generate invoice journal entries. These billing AAIs are optional, but if you set up billing AAI 4822, you must also set up the balancing billing AAI 4823.