For every accrual and claim, there is an accounting entry. This appendix explains the
events and their corresponding accounting entries in detail.
For every accrual and claim, there is an accounting entry. This appendix explains the
events and their corresponding accounting entries in detail.
Customer Accrual Event
| Debit |
Credit |
| Sales or Expense Account |
Accrual Liability Account |
Customer Claim Settlement Event
| Debit |
Credit |
| Claim Accrual Liability Account |
Receivables Clearing Account |
Accounting Rules for Customer Accruals and Customer Claim Settlements
| Event Class Name |
Journal Entry Description |
Side |
| Customer Accrual |
Sales or Expense |
Debit |
| Customer Accrual |
Accrual Liability |
Credit |
| Customer Claim Settlement |
Claim Accrual Liability |
Debit |
| Customer Claim Settlement |
Receivables Clearing Account |
Credit |
| Customer Claim Settlement |
Primary Ledger Exchange Gain and Loss |
Debit |