CASH RECEIPTS JOURNAL CODE
On the G/L Transactions report, receipts are assigned source code AR‑PY, and discounts are assigned the source code AR‑ED. Journal Entries for Recurring Charge Invoices G/L Account Posted recurring charge invoices debit the customer's Receivables Control account and credit the general ledger accounts you enter with the invoice details. On the G/L Transactions report, recurring charge invoices are assigned source code AR‑IN. Journal Entries for Interest Invoices G/L Account Posted interest invoice transactions debit the customer's Receivables Control account and credit the Interest Income account specified for the interest profile. On the G/L Transactions report, interest invoices are assigned source code AR‑IT. Journal Entries for Debit Notes G/L Account Posted debit note transactions debit the customer's Receivables Control account and credit the general ledger accounts you enter with the debit note details. On the G/L Transactions report, debit notes are assigned source code AR‑DB. The entry for a retainage credit note is: Journal Entries for Retainage Credit Notes G/L Account Journal Entries for Credit Notes G/L Account Posted credit note transactions debit the general ledger accounts you enter with the document details and credit the customer's Receivables Control account. On the G/L Transactions report, credit notes are assigned source code AR‑CR. The entry for a retainage invoice (or debit note) is: Journal Entries for Retainage Invoices G/L Account Posted invoices debit the customer's Receivables Control account and credit the general ledger revenue account specified with each invoice detail (either directly or by distribution code).
On the G/L Transactions report, invoices are assigned source code AR‑IN. The following sections include information about the journal entries associated with Accounts Receivable transactions: The journal entries that are created vary depending on transaction type. When you post transactions, journal entries are created in general ledger. Journal Entries Generated by Accounts Receivable
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