Default Distributions
Default distributions are used to define accounts for payables transactions. Invoices might get some distributions from supplier sites and others from common options setup.
Default Distributions
The following table describes the default distributions on the Manage Common Options for Payables and Procurement page.
Distribution |
Description |
---|---|
Liability |
The default liability distribution for new invoices, unless the Site Assignments tab on the Supplier page has a different distribution. Caution:
You can only specify a distribution with an account type of Liability. |
Prepayment |
The default distribution for prepaid expenses, unless the Site Assignments tab on the Supplier page has a different distribution. |
Bill Payable |
The default distribution for future-dated payments, unless the Site Assignments tab on the Supplier page has a different distribution. |
Conversion Rate Variance Gain and Loss |
Records conversion rate variance gains and losses for inventory items that are accrued on receipt. Variance is calculated between an invoice and purchase order or, an invoice and receipt, depending on how you matched the invoice. |
Discount Taken |
Records discounts taken if the Discount Allocation Method option on the Manage Invoices page is set to Single distribution. |
Miscellaneous |
Records charges for invoice lines with a type of Miscellaneous. If you don't enter a value, miscellaneous charges are prorated across invoice item lines. |
Freight |
Records charges for freight lines. If you don't enter a value, miscellaneous charges are prorated across invoice item lines. |
Prepayment Tax Difference |
Records tax amount differences between a prepayment and the invoices that the prepayment is applied to. These differences are usually due to changes in tax rates between the times of creation of prepayment and the invoice. Caution:
This distribution is used only if the Applied Amount Handling option in the tax record is set to Recalculate. |