Posting AR to General Ledger Posting AR Sales to General Ledger
Use these fields to create GL Posting Table records for different customer types.
1. GL Posting Table
This prompt can be used to create a new GL posting table or edit an existing one. If you are creating a new table, enter a three-character code such as 001, SVC, etc., that FACTS can use to identify the table.
2. Description
The GL Posting Table description can be up to 30 characters long and appears on various registers run out of Accounts Receivable and Sales Orders.
3. Accts Receivable GL #
This is the GL number that Accounts Receivable post to when you run the SO Daily Sales register (when posting to Accounts Receivable by customer) or the Accounts Receivable Sales Register (when posting to Accounts Receivable by customer).
4. Discounts GL #
This is the GL number that discounts post to after the Cash Receipts & Adjustments Register prints when you set the Discounts Basis to C-Customer in the AR to GL Posting Table.
5. Adjustments GL #
When you set the basis for adjustments to C-Customer in the AR to GL Posting table, the Cash Receipts & Adjustments register will post to the number entered here, rather than the default GL number or the Adjustments GL number set up in the Adjustments Code F/M.
6. Service Charges GL #
If you’ve set the service charge basis to C-Customer in the AR to GL posting table, FACTS posts service charges to this GL number when you run the Service Charge Register, rather than the default GL number.
7. Returned Check Charges GL #
When the returned check charges Basis is set to C-Customer, FACTS posts these charges to this GL number after the Returned Check Register prints, rather than the default GL number.
8. Sales GL #
If the sales basis is set to C-Customer in the SO to GL Posting Table, the system posts to this GL number after the Daily Sales Register prints. The AR Sales register also uses this number if the sales Basis is set to C-Customer in the AR to GL Posting Table.
9. Misc Sales GL #
If the miscellaneous sales basis is set to C-Customer in the SO to GL Posting Table, the systems posts to this number when the SO Daily Sales Register is run. FACTS also posts to this GL number when the AR Sales Register is run if the misc. sales basis is set to C-Customer in the AR to GL Posting Table. (Miscellaneous sales represent the sale of items that are flagged as "Miscellaneous" in the IC Item F/M.)
10. Interwhse A/R GL#
If the basis is set to C-Customer in the SO to GL Posting Table and the shipping warehouse is set to get 100% credit for the sale (see Warehouse F/M in the Inventory Control module), the system posts to this GL number when SO Daily Sales Register is run.
11. Deposits
If the basis is set to C-Customer in the SO to GL Posting Table, the system posts to this GL number when the SO Daily Sales Register is run. Note that deposits represent a liability on your GL.