Guidelines for Working with China Cash Flow Item in Journal Entries

Note:

This feature requires the China Localization SuiteApp

The following are guidelines for using the China Cash Flow Item field in creating Journal Entries:

• Make sure that a bank account is selected in either Credit or Debit side of the transaction. Doing this ensures the transaction appears in the China Cash Flow Statement report.

• For line items that do not involve bank accounts but are in the same journal entry with lines involving bank accounts (journal entries with mixed bank and non-bank lines):

  • If you enter positive credit or negative debit, and select a cash inflow classification item, then a positive amount will be collected.

  • If you enter positive credit or negative debit, and select a cash outflow classification item, then a negative amount will be collected.

  • If you enter negative credit or positive debit, and select a cash outflow classification item, then a positive amount will be collected.

  • If you enter negative credit or positive debit, and select a cash inflow classification item, then a negative amount will be collected.

  • If a Default Cash Inflow Item or a Default Cash Outflow Item is defined for your subsidiary, it will be automatically selected by default. You can change this as needed.

Related Topics

• China Help Topics
• China Terminology
• Setting Up China Localization
• Override VAT Invoice Type
• Override China Cash Flow Item
• Processing Red-Letter Invoices
• Generating China Voucher Printing Report
• Generating China VAT Transactions
• Importing VAT Transactions from the China Golden Tax System
• Financial Reports for China

General Notices