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1 INVOICES

Regular Invoice
Receivables Revenue Tax (if you charge tax) Freight Invoice with Bill of Arreas Invoicing Rule Unbilled Receivables Revenue

Debit DR

Credit CR CR CR

Debit DR

Credit CR

In all periods of Rule, for the portion that is recognized Debit Credit Receivables DR Unbilled Receivables CR Tax (if you charge tax) CR Freight CR
Invoice with Bill in Advance Invoicing Rule Receivables Unearned Revenue Tax (if you charge tax) Freight

DR CR CR CR

In all periods of the rule for the portion that is recognized Debit Credit Unearned Revenue DR Revenue CR

4 Remittances
When you create a receipt that requires remittance to your bank, Receivables debits the Confirmation account instead of Cash Debit Credit Confirmation DR Receivables CR You can then remit the receipt to your remittance bank remittance, Receivables creates the following journal entry using one of the two remittance methods: Standard or Factoring. If you remit your receipt using the standard method of remittance, Receivables creates the following journal entry: Debit DR Credit CR

Remittance Confirmation

When you clear the receipt Cash


Bank Charges Remittance

Debit DR

Credit CR CR

If you remit your receipt using the factoring remittance method Debit Credit
Factor Confirmation

DR CR

When you clear the receipt Debit DR Credit CR CR

Cash
Bank Charges Short-Term Debt

On the maturity date


Short-Term Debt Receivables

Debit DR

Credit CR

Tax Freight Receivables (On-account Credit)

Once the on-account credit is applied to an in


Receivables (On account credit) Receivables (Invoice)

2 Credit Memos
Credit an invoice, debit memo, or chargeback Debit Revenue DR Tax (if you charge tax) DR Freight DR
Receivables

Credit

CR

When you credit a commitment


Revenue Receivables

Debit DR

Credit CR

Commitments
When you enter a deposit
Receivables Unearned Revenue

Debit DR

Credit CR

When you enter an invoice against this deposit Debit Receivables (Invoice) DR
Revenue Tax (if you charge tax) Freight Unearned Revenue Receivables (Invoice)

Credit CR CR CR Credit CR

Debit DR

When you apply an invoice to a deposit, Receivables creates a receivable adjustment against the invoice When cash is received against this deposit Cash
Receivables

Debit DR

Credit CR

When you enter a guarantee, Unbilled Receivables


Unearned Revenue

Debit DR

Credit CR

When you enter an invoice against this guarantee Debit Credit Receivables (Invoice) DR Revenue CR Tax (if you charge tax) CR Freight CR Debit Credit

Unearned Revenue Unbilled Receivables

DR CR

When you apply an invoice to a guarantee Debit Cash DR


Receivables (Invoice

Credit CR

5 Adjustments
Negative adjustment Write off
Receivables

Debit DR

Credit CR

Positive adjustment
Receivables

Debit DR

Credit CR

Write off Debit Memos


Receivables Revenue Tax (if you charge tax) Freight Receivables Financial Charges

Debit DR

Credit CR CR CR

DR CR

6 On account Credits
Revenue Tax Freight Receivables (On-account Credit)

Debit DR DR DR

Credit

CR

Once the on-account credit is applied to an invoice Debit Credit Receivables (On account credit) DR Receivables (Invoice) CR

3 Receipts
When you enter a receipt and fully apply this receipt to an invoice Debit Credit Cash DR Receivables CR When you enter an unapplied receipt Cash
Unapplied

Debit DR

Credit CR

When you enter an unidentified receipt Cash


Unidentified

Debit DR

Credit CR

When you enter an on-account receipt Cash


Onaccount

Debit DR

Credit CR

When your receipt includes a discount


Receivables Revenue

Debit DR

Credit CR

Cash
Receivables

DR CR DR CR

Earned/Unearned Discount
Receivables

Receivables uses the default Cash, Unapplied, Unidentified, On-Account, Unearned, and Earned accounts that you specified in the Remittance Banks window for this receipt class. When you enter a receipt and combine it with an on-account credit Debit Credit Cash DR Unapplied Cash CR To close the receivable on the credit memo and increase the unapplied cash balance Debit Receivables DR
Unapplied Cash

Credit CR

When you enter a receipt and combine it with a negative adjustment

Cash
Receivables (Invoice)

Debit DR

Credit CR

Write Off
Receivables (Invoice)

DR CR

You set up a Write-Off account when defining your Receivables Activity When you enter a receipt and combine it with a Chargeback Debit Credit Cash DR Receivables (Invoice) CR
Receivables (Charge Back) Receivables (Invoice) Chargeback Receivables (Charge Back)

DR CR DR CR