This feature is activated by the Post by Inventory by Customer Type flag in the Support Application Parameters to control the revenue and expense postings accounts for rental and sales of non-bulk rental equipment according to the type of customer on the document.
Use this option to setup the Posting ID codes to be assigned to
the non-bulk rental equipment in Rental
Inventory, and to setup the relevant G/L Rental Revenue and the
Cost of Goods Sold G/L Expense accounts for the Sale of rental
equipment.
Posting ID codes are required for the Current product status, for a
Rented or used status, and for a Sold status.
Refer to Inventory Posting Identification Overview for detailed information on this feature.
The Current Posting ID code in Rental Inventory is updated when non-bulk rental
equipment is rented or sold.
These can be viewed and changed in Posting
Identification By Product.
An audit trail in Posting ID Changes
tracks changes to the Current Posting ID codes by product,
document, and date.
To control the revenue and expense postings, the Posting ID
codes must also be assigned to the type of customer in Posting by Primary Customer Type, with G/L posting
accounts.
This allows the posting of revenue and expenses for non-bulk rental
equipment, to be made to different revenue and expense G/L accounts
by product, according to the type of customer.
Example Posting ID codes include:
The prompts to enter Posting ID codes are:
ACTIONS:
Additional actions provided by buttons on
the Posting Identification screen include:
To delete a Posting ID Code, highlight the record to be deleted
and click the DELETE button.
Confirmation is required.
If deleted, an audit record is written to Delete Log identified as function
GLPI01.
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