Accounting for Checks

Each check generates a minus (credit) general ledger transaction to the selected bank account.

The branch of the offset general ledger transaction is the same as the item applied to, or the entered branch for general ledger checks. The offset transaction’s chart is as follows. (Unapplied funds, layaway, and gift certificate charts are set in System Control.)

Both Accounting Methods

Applied To	Chart
Provider on-account item	Provider unapplied funds chart, usually 2045.
Customer on-account item	Customer unapplied funds chart, usually 2040.
Customer gift certificate item	Layaway chart, usually 2050.
Customer layaway item	Gift certificate chart, usually 2055.
GL	Entered charts.

Accrual Accounting

Applied To	Chart
Provider invoice	AP Processing Table chart for the invoice; usually 2020.
Customer invoice	AR Processing Table chart for the invoice; usually 1510.

Cash-Basis Accounting

Applied To	Chart
Provider invoice	AP Processing Table chart for the invoice and Comm Processing Table chart if paying net.
Customer ARC/Direct invoice	AR Processing Table chart for the invoice.
Customer Invoice invoice	AP Processing Table chart for the invoice.