A/P
Journal Interface to General Ledger
Periodically, you may post the A/P Journal to an external general
ledger software package using the Post Journal function.
When you post, you summarize (total) each transaction category in
the M.O.M. journal and move the figures to one or more general
ledger accounts. The general ledger account numbers are maintained
in the G/L Interface
Maintenance function.
The
following table identifies the M.O.M. journal transactions and the
corresponding general ledger accounts.
|
A/P Transaction
|
G/L Account Debited
|
G/L Account Credited
|
|
Payment
|
Accounts Payable
|
Cash
Purchase Discounts
|
|
Supplier Invoice
|
Inventory
Freight on Purchases
Tax on Purchases
Purchase Adjustments
|
Accounts Payable
|
|
Adjustments
|
Accounts Payable
|
Purchase Adjustments
|
|
