GL Account Source
When you define a Receivables activity, you use the GL Account Source to indicate how Receivables derives the accounts for the expense or revenue generated by the activity.
GL Account Source Options
Activity GL Account
Allocate the expense or revenue to the general ledger account that you specify for the Receivables activity. If the activity type is Bank Error, Late Charges, Prepayments, or Receipt Write-off, you can only select this option.
Distribution Set
Allocate the expense or revenue to the distribution set that you specify. This value is only used with Miscellaneous Cash activities.
Revenue on Invoice
Allocate the expense or revenue net of any tax to the revenue accounts specified on the invoice. If Tax Rate Code Source is set to None, allocate the gross amount to these accounts. You can only choose this option if the activity type is Adjustment, Earned Discount, or Unearned Discount.
If the revenue on the invoice is unearned, then AutoAccounting derives the anticipated revenue accounting distribution accounts and amounts. Receivables then uses this information to allocate the adjustment or discount amount to these derived revenue accounts.
Tax Rate Code on Invoice
Allocate the net portion using the expense/revenue accounts specified by the tax rate code on the invoice. If Tax Rate Code Source is set to None, allocate the gross amount to these accounts. You can only choose this option if the activity type is Adjustment, Earned Discount, or Unearned Discount.