Posting by Primary Customer Type
System Maintenance Menu -> Configure
System Settings -> Accounting Tab -> Inventory
-> Posting Identifications ->
Accounts window -> Posting by Primary Customer
Type
This post inventory by Customer Type processing allows the Daily
Close to post the rental revenue and COGS expense for non-bulk
rental equipment, to different revenue and expense G/L accounts by
product, according to the type of customer on the invoice.
Use this utility to setup the Customer Types and the G/L posting
accounts.
If no match is made for the product Posting ID code and the
Customer Type, with a record in this table, then the regular G/L
posting accounts from the Product Class applies.
The prompts to setup records with Posting G/L Accounts by
Customer Type for the selected Posting ID, are:
-
- SEQ#
- The sequence numbers track and sort the records in the
table.
CUST TYPE
- Enter the Customer Type or select one from the drop-down
list as setup in Customer Types.
The G/L posting accounts by Inventory Posting ID apply only if a
match is found on the primary Customer Type for the customer being
invoiced, and the new Rental or Sales Posting ID to be assigned to
the non-bulk rental equipment by this invoice transaction.
REVENUE ACCOUNT
- The Revenue account applies only to rental transactions and
replaces the Rental Revenue account defined in the Rental Product Class.
Enter the appropriate G/L Revenue account to be Credited, when an
invoice is posted for a customer having this customer Type, for the
rental revenue generated from a non-bulk rental product that is now
being assigned this Rental Posting ID code.
A G/L Account Search window is provided
to lookup for the account number.
Leave this field blank if rental revenue does not apply to this
Posting ID code.
i.e. The Revenue Account does not apply to Sales or
Disposals of Rental equipment, therefore this field can be left
blank if this Posting ID is to be used for Sales only.
DESCRIPTION
- The description of the G/L Revenue account displays.
EXPENSE ACCOUNT
- The Expense account applies only to the Sale or Disposal of
rental equipment and replaces the COGS account defined in the
Rental Product Class.
Enter the appropriate G/L Expense account to be Debited when an
invoice is posted for a customer having this customer Type, for the
sale of a non-bulk rental product that is now being assigned this
Sales Posting ID code.
A G/L Account Search window is provided
to lookup for the account number.
Leave this field blank if the COGS account does not apply to
this Posting ID code.
i.e. This Expense Account does not apply to rental of the
equipment, therefore this field can be left blank if this Posting
ID is to be used for Rentals only.
DESCRIPTION
- The description of the G/L Expense account displays.
Finished ?
- When the customer type posting records have been entered, click
ACCEPT to accept and exit the screen.
ACTIONS:
Additional actions provided by buttons on
the Posting by Primary Customer Type screen include:
Topic Keyword: GLPA01