Accounting for Receipts
Each deposit generates one plus (debit) general ledger transaction to the selected bank account for the total of the deposit.
The branch of the offset transaction is the same as the item applied to, or the entered branch for general ledger checks. The offset chart for each individual receipt is as follows. (Unapplied funds, layaway, and gift certificate charts are specified on the System tab of the System Control screen. For details, see System Tab.)
Note: The following tables refer to charts in the Processing Table. For information about how the Processing Table manages the posting of transactions involving invoices to general ledger accounts, see Processing Table Overview.
Both Accounting Methods
| Applied To | Chart |
|---|---|
|
Provider tracking item |
Commission chart for the invoice (for example, 4030 for hotels). This chart is specified in the Processing Table. |
|
Provider on-account item |
Provider unapplied funds chart (usually 2045), This chart is specified in System Control. |
|
Customer on-account item |
Customer unapplied funds chart (usually 2040). This chart is specified in System Control. |
|
Customer gift certificate item |
Gift certificate chart (usually 2050). This chart is specified in System Control. |
|
Customer layaway item |
Layaway chart (usually 2055). This chart is specified in System Control. |
|
General ledger |
Entered charts. |
Accrual Accounting
| Applied To | Chart |
|---|---|
|
Provider plastic invoice item |
Commissions receivable chart for the invoice (usually 1512). This chart is specified in the Processing Table. |
|
Provider non-plastic invoice |
Accounts payable chart for the invoice (usually 2020). This chart is specified in the Processing Table. |
|
Customer invoice |
Accounts receivable chart for the invoice (usually 1510). This chart is specified in the Processing Table. |
Cash-Basis Accounting
| Applied To | Chart |
|---|---|
|
Provider plastic invoice item |
Commission receivable chart for the invoice. This chart is specified in the Processing Table. |
|
Provider non-plastic invoice |
Accounts payable and commission charts for the invoice. These charts are specified in the Processing Table. Accounts payable is the minus gross amount, and commission is the plus commission amount. |
|
Customer ARC/Direct invoice |
Accounts receivable chart for the invoice. This chart is specified in the Processing Table. |
|
Customer Invoice invoice |
Accounts payable chart for the invoice. This chart is specified in the Processing Table. |