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Auto Accounting



AutoInvoice uses the pre-defined Auto Accounting structure to automatically create
default Accounting Flexfields for your Receivables, Revenue, Unbilled Receivable and
Unearned Revenue Accounts. You must define how Auto Accounting will structure your
customer transaction account combinations by specifying from which default entities it
should build your accounts.



For Unbilled Receivables, if Salesrep is selected Auto Accounting will use the Salesrep’s
default Receivable account flexfield. If Item is selected, it will use the Items’s default
Revenue flexfield.


For Unearned Revenue, if Salesrep is selected Auto Accounting will use the Salesrep’s
default Revenue account flexfield. If Item is selected, it will use the Items’s default
Revenue flexfield.
Receivables uses the Auto Accounting rules to determine the GL Accounts that you Enter manually or import using Auto invoice. Receivables creates the Default accounts for the Receivable revenue Freight Tax Unerned revenue Finance charges Unbilled receivables Bills receivables and Auto invoice Clearing Accoutns.You need to define these accoutns before you start entering the transactions in AR. However you can overide these accounts during the Transaction Entry in AR.Setup Autoaccounting:AR>Setup>Transactions>AutoAccountingSelect the Type of the accoutn you wish to define the auto accoutning.In the Segments Block:Choose the segment for which you wish to assign the Auto accounting.Choose the Table Name : Sales Rep Trxn Type Site Std Lines.If you wish to use a Default Constant value then enter the value in the Constant Field.

Comments

  1. rachelsgMay 22, 2021 at 6:47 AM

    Finance And Accounting Outsourcing Softwares help to make the Payroll work easy. They are one of the payroll developing companies. They provide the best payroll outsourcing and HR Software.

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