Accounting Preview
Accounting entries are available for preview as the transactions are generated.
The accounting entries are available for preview even before the transactions are transferred to General ledger or to Receivables and Payables subledger if invoicing was required.
These tables demonstrate the accounting for the transactions generated for the same scenario.
Accounting Preview for transfer authorization
Transaction - USHQ-UKCS-1 (From Ledger)
| Ledger | Account | Account Description | Side |
Settlement Amount |
Accounted Amount |
Rate Type | Rate |
|---|---|---|---|---|---|---|---|
| US Primary Ledger | 01-00-IC Receivable-00-02 | Intercompany Receivable | Dr | 10000 USD | 10000 USD | Corporate | 1 |
| US Primary Ledger | 01-000-18039-00-00 | Loan Clearing | Cr | 10000 USD | 10000 USD | Corporate | 1 |
Transaction - USHQ-UKCS-1 (To Ledger)
| Ledger | Account | Account Description | Side | Settlement Amount | Accounted Amount | Rate Type | Rate |
|---|---|---|---|---|---|---|---|
| UK Primary Ledger | 02-00-29081-00-00 | Loan Clearing | Dr | 10000 USD | 7900 GBP | Corporate | 0.79 |
| UK Primary Ledger | 02-000- IC Payable-00-01 | Intercompany Receivable | Cr | 10000 USD | 7900 GBP | Corporate | 0.79 |
Transaction - UKCS-AUFS-1 (From Ledger)
| Ledger | Account | Account Description | Side |
Settlement Amount |
Accounted Amount |
Rate Type | Rate |
|---|---|---|---|---|---|---|---|
|
UK Primary Ledger
|
02-00-IC Receivable-00-03 | Intercompany Receivable | Dr | 10000 USD | 7900 GBP | Corporate | 0.79 |
|
UK Primary Ledger
|
02-000-18039-00-00 | Loan Clearing | Cr | 10000 USD | 7900 GBP | Corporate | 0.79 |
Transaction - UKCS-AUFS-1 (To Ledger)
| Ledger | Account | Account Description | Side |
Settlement Amount |
Accounted Amount |
Rate Type | Rate |
|---|---|---|---|---|---|---|---|
|
Australia Primary Ledger
|
03-00-29081-00-00
|
Loan Clearing | Dr | 10000 USD | 15300 AUD | Corporate | 1.53 |
|
Australia Primary Ledger
|
03-000- IC Payable-00-02
|
Intercompany Receivable | Cr | 10000 USD | 15300 AUD | Corporate |
1.53
|
Transaction - AUFS-SGOP-1 (From Ledger)
| Ledger | Account | Account Description | Side |
Settlement Amount |
Accounted Amount |
Rate Type | Rate |
|---|---|---|---|---|---|---|---|
|
Australia Primary Ledger
|
03-00-IC Receivable-00-04 | Intercompany Receivable | Dr | 10000 USD | 15300 AUD | Corporate |
1.53
|
|
Australia Primary Ledger
|
03-000-18039-00-00 | Loan Clearing | Cr | 10000 USD | 15300 AUD | Corporate |
1.53
|
Transaction - AUFS-SGOP-1 (To Ledger)
| Ledger | Account | Account Description | Side |
Settlement Amount |
Accounted Amount |
Rate Type | Rate |
|---|---|---|---|---|---|---|---|
|
Singapore Primary Ledger
|
04-00-29081-00-00
|
Loan Clearing | Dr | 10000 USD | 13300 SGD | Corporate | 1.33 |
|
Singapore Primary Ledger
|
04-000- IC Payable-00-03
|
Intercompany Receivable | Cr | 10000 USD | 13300 SGD | Corporate |
1.33
|