A/P Corporate Bank
- Keith Mangold
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 |
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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 |
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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 |
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Posting from AP to GL* |
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30 | 30 | 30-30-00-216-000 |
| 431.22 |
30 | 30 | 30-30-00-199-000 | 431.22 |
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Check |
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30 | 30 | 30-30-00-100-110 |
| 431.22 |
30 | 30 | 30-30-00-216-000 | 431.22 |
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Division 30 Voucher Example:
Company | Division | Account | Debit | Credit |
30 | 20 | 30-30-00-216-000 |
| 150 |
30 | 20 | Expense Account | 150 |
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Posting from AP to GL* |
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30 | 30 | 30-30-00-216-000 |
| 150 |
30 | 30 | 30-30-00-216-000 | 150 |
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Check |
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30 | 30 | 30-30-00-100-110 |
| 150 |
30 | 30 | 30-30-00-216-000 | 150 |
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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