This article documents an example posting within A/P when utilizing the Corporate Bank functions.
Bank Master Setup:
| Company | Division | Clearing AP | Corp Clearing Acct | Cash |
| 30 | 20 | 30-20-00-299-000 | 30-30-00-199-000 | |
| 30 | 30 | 30-30-00-216-000 | 30-30-00-216-000 | 30-30-00-100-110 |
A/P Control Account Setup:
| Company | Division | Payables Acct |
| 30 | 20 | |
| 30 | 30 | 30-30-00-216-000 |
Division 20 Voucher Example:
| Company | Division | Account | Debit | Credit |
| 30 | 20 | 30-20-00-299-000 | | 431.22 |
| 30 | 20 | Expense Account | 431.22 | |
| | | | | |
| Posting from AP to GL* | | |
| 30 | 30 | 30-30-00-216-000 | | 431.22 |
| 30 | 30 | 30-30-00-199-000 | 431.22 | |
| | | | | |
| Check | | | | |
| 30 | 30 | 30-30-00-100-110 | | 431.22 |
| 30 | 30 | 30-30-00-216-000 | 431.22 | |
Division 30 Voucher Example:
| Company | Division | Account | Debit | Credit |
| 30 | 20 | 30-30-00-216-000 | | 150 |
| 30 | 20 | Expense Account | 150 | |
| | | | | |
| Posting from AP to GL* | | |
| 30 | 30 | 30-30-00-216-000 | | 150 |
| 30 | 30 | 30-30-00-216-000 | 150 | |
| | | | | |
| Check | | | | |
| 30 | 30 | 30-30-00-100-110 | | 150 |
| 30 | 30 | 30-30-00-216-000 | 150 | |
- Clearing account is used in the Posting from A/P to G/L process
- A/P Distribution Register will not transfer amounts and will not reflect individual A/P account balances
- G/L Balances within General Ledger will reflect individual A/P account balances