Enter Mixed Payment Posting Control Information
Explanation
The Enter Mixed Payment Posting Control activity is used to
enter posting control
information related to the entry of mixed payment transactions.
The following Posting Types and Control Types are used in the Mixed Payment process.
The information can be used as a guideline when setting up the posting control in a
company at system start-up. For further information on Posting Control in Financials, see
the process Set-up Financial Basics.
Existing Posting Types in Mixed Payment
Posting Type |
Description |
Requires Ledger Account |
Requires Tax Account |
PP1 |
Cash Transaction |
No |
No |
PP2 |
Cash Discount Received |
No |
No |
PP3 |
Cash Discount Disbursed |
No |
No |
PP4 |
Payment Fee |
No |
No |
PP5 |
Tax Reduction, Received |
No |
No |
PP6 |
Tax Reduction, Disbursed |
No |
No |
PP7 |
Supplier Debts, Pre-payment |
Yes |
No |
PP8 |
Customer Claims, Pre-payment |
Yes |
No |
PP9 |
Parked Payment Disbursed |
Yes |
No |
PP10 |
Parked Payment Received |
Yes |
No |
PP12 |
Currency Loss |
No |
No |
PP13 |
Currency Gain |
No |
No |
PP16 |
Write-Off, Supplier Debts |
No |
No |
PP17 |
Write-Off, Customer Claims |
No |
No |
PP18 |
Tax Received, Paid |
No |
Yes |
PP19 |
Tax Disbursed, Paid |
No |
Yes |
PP21 |
Open Supplier Check |
Yes |
No |
PP22 |
Intercompany due to |
No |
No |
PP23 |
Intercompany due from |
No |
No |
PP24 |
Customer BoE, Interim Cash |
Yes |
No |
PP25 |
Customer BoE Cashed in advance |
Yes |
No |
PP26 |
Open Supplier BoE |
Yes |
No |
PP27 |
Open Customer BoE |
Yes |
No |
PP28 |
Open Customer Check |
Yes |
No |
PP29 |
Unmatched Supplier BoE |
Yes |
No |
PP30 |
Unmatched Supplier Check |
Yes |
No |
PP31 |
Unmatched Customer BoE |
Yes |
No |
PP32 |
Unmatched Customer Check |
Yes |
No |
PP33 |
Tax Reduction Received, Write off |
No |
No |
PP34 |
Tax Reduction Disbursed, Write off |
No |
No |
PP35 |
Customer Check, Interim Cash |
No |
No |
PP36 |
Customer Claims, Payment in Advance |
Yes |
No |
PP37 |
Supplier Debts, Payment in Advance |
Yes |
No |
PP38 |
Output Tax, Payments in Advance |
No |
Yes |
PP39 |
Input Tax, Payment in Advance |
No |
Yes |
PP40 |
Contra Acc. Output Tax, Adv Paym. |
No |
No |
PP41 |
Contra Acc. Input Tax, Adv Paym. |
No |
No |
PP42 |
Deduction Rule |
No |
No |
PP43 |
Tax Reduction Disbursed, Deduction |
No |
No |
PP44 |
Tax Received, Direct Cash |
No |
Yes |
PP45 |
Tax Disbursed, Direct Cash |
No |
Yes |
PP46 |
Calculated Tax Received, Direct Cash |
No |
Yes |
PP47 |
Calculated Tax Disbursed, Direct Cash |
No |
Yes |
Available Control Types
Control Type |
Description |
Data Controlled by |
AC1 |
Fixed Value |
IFS Accounting Rules |
AC2 |
Pre-posting |
IFS Accounting Rules |
AC4 |
Country Code |
IFS Accounting Rules |
AC5 |
User Group |
IFS Accounting Rules |
AC7 |
Tax Code |
IFS Accounting Rules |
AC8 |
Company |
IFS
Accounting Rules |
IC1 |
Supplier Group |
IFS Invoice |
IC2 |
Customer Group |
IFS Invoice |
PC2 |
Cash Account |
IFS Payment |
PC3 |
Interest Template |
IFS Payment |
PC4 |
Write-off Code |
IFS Payment |
PC5 |
Deduction Rule |
IFS Payment |
Allowed Combinations of Posting Type – Control Type
Posting Type |
Description |
AC ! |
AC 2 |
AC 4 |
AC 5 |
AC 7 |
AC8 |
IC 1 |
IC 2 |
IC 4 |
PC 2 |
PC 3 |
PC 4 |
PC 5 |
PP1 |
Cash Transaction |
X |
|
|
X |
|
|
|
|
|
X |
|
|
|
PP2 |
Cash Discount Received |
X |
X |
X |
X |
|
|
X |
|
X |
|
|
|
|
PP3 |
Cash Discount Disbursed |
X |
X |
X |
X |
|
|
|
X |
X |
|
|
|
|
PP4 |
Payment Fee |
X |
|
|
X |
|
|
|
|
|
X |
|
|
|
PP5 |
Tax Reduction, Received |
X |
X |
X |
X |
X |
|
X |
|
X |
|
|
|
|
PP6 |
Tax Reduction, Disbursed |
X |
X |
X |
X |
X |
|
|
X |
X |
|
|
|
|
PP7 |
Supplier Debts, Pre-payment |
X |
X |
X |
X |
|
|
X |
|
X |
|
|
|
|
PP8 |
Customer Claims, Pre-payment |
X |
X |
X |
X |
|
|
|
X |
X |
|
|
|
|
PP9 |
Parked Payment Disbursed |
X |
X |
|
X |
|
|
|
|
|
|
|
|
|
PP10 |
Parked Payment Received |
X |
X |
|
X |
|
|
|
|
|
|
|
|
|
PP11 |
Additional Payment |
X |
|
|
X |
|
|
|
|
|
X |
|
|
|
PP12 |
Currency Loss |
X |
X |
|
X |
|
|
|
|
|
|
|
|
|
PP13 |
Currency Gain |
X |
X |
|
X |
|
|
|
|
|
|
|
|
|
PP16 |
Write-Off, Supplier Debts |
X |
X |
|
X |
|
|
X |
|
|
|
|
|
|
PP17 |
Write-Off, Customer Claims |
X |
X |
|
X |
|
|
|
X |
|
|
|
|
|
PP18 |
Tax Received, Paid |
X |
X |
X |
X |
X |
|
X |
|
X |
|
|
|
|
PP19 |
Tax Disbursed, Paid |
X |
X |
X |
X |
X |
|
|
X |
X |
|
|
|
|
PP20 |
Interest Revenue |
X |
|
|
X |
|
|
|
X |
|
|
|
|
|
PP21 |
Open Supplier Check |
X |
|
X |
X |
|
|
X |
|
|
X |
|
|
|
PP22 |
Intercompany due to |
X |
|
|
|
|
X |
|
|
|
|
|
|
|
PP23 |
Intercompany due from |
X |
|
|
|
|
X |
|
|
|
|
|
|
|
PP24 |
Customer BoE, Interim Cash |
X |
|
|
X |
|
|
|
|
|
X |
|
|
|
PP25 |
Customer BoE Cashed in adv |
X |
|
|
X |
|
|
|
|
|
X |
|
|
|
PP26 |
Open Supplier BoE |
X |
|
X |
|
|
|
X |
|
|
X |
|
|
|
PP27 |
Open Customer BoE |
X |
|
X |
|
|
|
|
X |
|
|
|
|
|
PP28 |
Open Customer Check |
X |
|
X |
X |
|
|
|
X |
|
|
|
|
|
PP29 |
Unmatched Supplier BoE |
X |
|
X |
X |
|
|
X |
|
|
|
|
|
|
PP30 |
Unmatched Supplier Check |
X |
|
X |
X |
|
|
X |
|
|
|
|
|
|
PP31 |
Unmatched Customer BoE |
X |
|
X |
X |
|
|
|
X |
|
|
|
|
|
PP32 |
Unmatched Customer Check |
X |
|
X |
X |
|
|
|
X |
|
|
|
|
|
PP33 |
Tax Red Received, Write off |
X |
|
|
X |
X |
|
X |
|
|
|
|
X |
|
PP34 |
Tax Red Disbursed, Write off |
X |
|
|
X |
X |
|
|
X |
|
|
|
X |
|
PP35 |
Customer Check, Interim Cash |
X |
|
|
X |
|
|
|
|
|
X |
|
|
|
PP36 |
Cust Claims Paym. in Advance |
X |
|
X |
X |
X |
|
|
X |
|
|
|
|
|
PP37 |
Suppl. Debts Paym. in Advance |
X |
|
X |
X |
X |
|
X |
|
|
|
|
|
|
PP38 |
Output Tax, Paym. in Advance |
X |
|
X |
X |
X |
|
|
X |
|
|
|
|
|
PP39 |
Input Tax, Paym. in Advance |
X |
|
X |
X |
X |
|
X |
|
|
|
|
|
|
PP40 |
Contra Acc. Output Tax, Paym. in Advance |
X |
|
X |
X |
X |
|
|
X |
|
|
|
|
|
PP41 |
Contra Acc. Input Tax, Paym. in Advance |
X |
|
X |
X |
X |
|
X |
|
|
|
|
|
|
PP42 |
Deduction Rule |
X |
|
|
X |
|
|
|
X |
|
|
|
|
X |
PP43 |
Tax Red. Disbursed Deduction |
X |
|
|
X |
X |
|
|
X |
|
|
|
|
X |
PP44 |
Tax Received, Direct Cash |
X |
|
|
|
X |
|
|
|
|
|
|
|
|
PP45 |
Tax Disbursed, Direct Cash |
X |
|
|
|
X |
|
|
|
|
|
|
|
|
PP46 |
Calculated Tax Received, Direct Cash |
X |
|
|
|
X |
|
|
|
|
|
|
|
|
PP47 |
Calculated Tax Disbursed, Direct Cash |
X |
|
|
|
X |
|
|
|
|
|
|
|
|
Note: Control Type "AC2," Pre-posting, is not available for Code part
"A".
Connection between Posting Types and System Event
- PP1 Description of use: Customer Payment
and Supplier Payment and
Acknowledge Supplier Payment Orders, create payment and
Supplier Check , Cash Checks. This posting type is thus used for both customer
and supplier cash transactions. This posting type is used in order to allocate the right
cash account to payment transactions.
Debit or credit posting:
It will be a debit posting if it
is a customer payment, and a credit posting for suppliers.
- PP2 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders, create payment and
Supplier Check , Cash Checks.
This posting type helps allocate the proper account for discounts that are received when
paying the supplier.
Debit or credit posting: Since
it reduces the amount to pay, it will be a credit posting.
- PP3 Description of use: Customer Payment. This posting type
allocates the proper account for disbursed discount, when receiving a customer payment.
Debit or credit posting: Since
it reduces the amount received, it will be a debit posting.
- PP4 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders,
create payment and Customer Payment. When some kind of fee was charged for the payment, either from the bank or any
other payment institution, it will be posted to the correct account according to this
posting type.
Debit or credit posting: It will
be posted as a cost on the debit side for both customer
and supplier payments.
- PP5 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders,
create payment, Supplier Check, Create
Payment. In all mentioned cases it is possible to receive a discount. In some countries,
the tax amount must be reduced correspondingly. This posting type gives the correct
account for that.
Debit or credit posting: Since
tax originally was posted on the debit side for supplier invoices, it will be reduced as a
credit posting.
- PP6 Description of use: Customer Payment. In case the customer
is given discount and the tax is supposed to be reduced accordingly, this posting type
will ensure the proper account.
Debit or credit posting: Since
tax for customer invoices is normally posted as credit, this reduction must be made as a
debit.
- PP7 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders, create payment. When paying the supplier unspecified
items or in advance, that payment on account will be posted according to this posting
type.
Debit or credit posting: The
debt is reduced affectedly such that an asset is created. These payments are
posted as debits.
- PP8 Description of use: Customer Payment. When the customer
pays unspecified items or in advance, that payment on account will be posted
according to this posting type.
Debit or credit posting: The
claim is reduced affectedly such
that a debt is almost created. These payments
are posted as credits.
- PP9 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders, create payment. When paying an unspecified supplier and
unspecified invoice, the amount will be posted according to this posting type. It is
similar to payment on account since it is added to the payment proposal or the manual payment.
Debit or credit posting:
Normally a debit posting.
- PP10 Description of use: Customer Payment. When receiving an
unspecified payment, it means that both customer and invoice
ID is unknown, and
this posting type
will post it to the proper account.
Debit or credit posting: It
depends on the remaining amount.
- PP11 Description of use: Supplier Payment and
Customer Payment. If there is an
outstanding amount after having ticked off all customer or supplier payments, the rest can
be posted according to this posting type.
Debit or credit posting: It depends on the remaining amount.
- PP12 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders, create payment and
Customer Payment. When the currency exchange rate is different
compared to the rate at the time
the invoice is entered, this posting type sets the
proper account for it such that the net result is a currency loss.
Debit or credit posting: The
loss is treated on the debit side.
- PP13 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders, create payment and
Customer Payment. When the currency exchange rate is different compared to the rate at the time
the invoice is entered, this posting type sets the
proper account for it such that the net result is a currency gain.
Debit or credit posting: The
gain is posted on the credit side.
- PP16 Description of use: Mixed Payment,
Supplier Payment, Supplier Bills of Exchange and
Supplier Check. When part of a supplier invoice is written off, the write-off amount is
posted according to this posting type.
Debit or Credit posting: The write-off is posted on the credit side.
- PP17 Description of use: Mixed Payment, Customer Payment,
Customer Bills of Exchange,
Customer Check and
Customer Payment. When part of a customer invoice is written off, the
write-off amount is posted according to this posting type.
Debit or Credit posting: The write-off is posted on the debit side.
- PP18 Description of use: Supplier Payment and
Acknowledge Supplier Payment Orders, create
payment. When Tax Method Tax Received is Payment in page Tax Codes, tax will only be posted preliminarily when doing the preliminary
or direct invoice entry. At the time of payment, the preliminary posting will be reversed
and this posting type will allocate the proper account for tax.
Debit or credit posting: Normal
supplier invoices are debited.
- PP19 Description of use: Customer Payment.
When Tax Method Tax Disbursed is Payment in page Tax Codes,
tax will only be posted
preliminarily
when doing the invoice entry. At the time of payment, the preliminary posting will be
reversed and this posting type will allocate the proper account for tax.
Debit or credit posting: Normal
customer invoices are credited.
- PP21 Description of use: Supplier Check,
Payment Orders for supplier, and
Mixed Payment, Cash Supplier Check. When the supplier Check is entered and saved, or created
from an Automatic Supplier Payment Order, all matched invoices are closed and the new,
open Check is posted to this account which will represent a new, open ledger item instead
of the invoices. When the Check is reported as cashed in Mixed Payments, Cash Supplier
Check, this account is reversed.
Debit or credit posting: This account will have as many debit as
credit postings. When
entering or creating the Check, the account is credited. When cashing the Check, the
account is debited to balance the credit of the cash account.
- PP22 Description of use:
Customer Payment,
Customer Check,
Customer Bills of Exchange,
Supplier Payment,
Supplier Bills of Exchange
, Supplier Check
and Mixed Payment. For
a customer payment, this posting will be created in the company receiving
the payment as an inter company accounts payable due to the affiliated
company's whose customer invoice was cleared in the payment. For a supplier
payment, this posting will be created in the affiliated company, not in the
company, processing the supplier payment. When the supplier payment is
created, the affiliated company incurs a debt to the company paying the
invoice. This is the inter-company accounts payable that is created. For a
direct cash payment made using a mixed payment, this posting will be created in
the company processing the payment as an inter company accounts payable
due to the affiliated company if the manual posting creates revenues or
liabilities in the affiliated company. For a direct cash payment which
creates manual posting costs or claims in the affiliated company,
the inter company accounts payable is created in the affiliated company.
Debit or Credit posting: Credit
posting when the debt is incurred by the creation of the multi-company
payment.
- PP23 Description of use: Customer Payment,
Customer Bills of Exchange,
Customer Check, Supplier Payment, Supplier Bills of Exchange, Supplier Check
and Mixed Payment.For
a customer payment, this posting will be created in the affiliated company,
not in the company, processing the customer payment. When the customer
payment is created, the affiliated company will have a claim from the
company paying the invoice. This is the inter company accounts receivable
that is created. For a supplier payment, this posting will be created in the
company making the payment as an inter company accounts receivable due from
the affiliated company whose invoice was cleared by the payment. For a
direct cash payment made using a mixed payment, this posting will be created in
the affiliated company as an inter company accounts receivable if the
manual posting creates revenues or liabilities in the affiliated company.
For a direct cash payment which creates with the manual posting costs or
claims in the affiliated company, the inter company accounts receivable
posting is created in the company, making the payment.
Debit or Credit posting: Debit
posting when the inter-company receivable is incurred by the creation of the
multi-company payment.
- PP24 Description of use: Customer BoE
Transfer Proposals, RMB Create BoE Transfer file
and Mixed Payment, Acknowledge Customer BoE Transfer. When creating the transfer file, all
postings are made automatically. It is still possible not
to affect the primary cash account by using a transit account instead. This transit account will be reversed when
the Bills are cashed in the Mixed Payment. Then the cash account will be used.
Debit or credit posting: This account will have as many debit as
credit postings. When
creating the BoE transfer file, the account is debited. When cashing the Bill, the account
is credited to balance the debit of the cash account.
- PP25 Description of use: Customer BoE
Transfer Proposals, RMB Create BoE Transfer file, Customer Bills of Exchange, RMB Settle BoE and Mixed Payment, Acknowledge Customer BoE
Transfer. When creating the transfer file, all postings are made automatically. If
"Separate flow when cashing before due date" is specified instead of settling
the Bill when the transfer file is created, this Customer BoE, cashed in advance account
is used. When the Bill is later settled/cashed, this account is reversed.
Debit or credit posting: This account will have as many debit as
credit postings. When
creating the BoE transfer file, the account is credited. When cashing the Bill, the
account is debited.
- PP26 Description of use: Supplier Bills of
Exchange, Supplier Payment Orders
and Mixed Payment, Cash Supplier BoE. When the supplier Bill of Exchange is entered and
saved, or created from an Automatic Supplier Payment Order, all matched invoices are
closed and the new, open Bill is posted to this account which will represent a new, open
ledger item instead of the invoices. When the Bill is reported as cashed in Mixed
Payments, Cash Supplier BoE, this account is reversed.
Debit or credit posting: This account will have as many debit as
credit postings. When
entering or creating the Bill, the account is credited. When cashing the Bill, the account
is debited.
- PP27 Description of use: Customer Bills of
Exchange, Customer BoE Transfer
Proposals and
Mixed Payment, Cash Customer BoE. When the customer Bill of Exchange is entered and
saved, all matched invoices are closed and the new, open Bill is posted to this account
which will represent a new, open ledger item instead of the invoices. When the Bill is
included in a Customer BoE Transfer proposal, this account is reversed. If
however,
"Separate flow when cashing before due date" is specified, this account is
reversed when the BoE Transfer proposal is acknowledged in Mixed Payments or when the BoE
is Settled in Customer Bills of Exchange.
Debit or credit posting: This account will have as many debit as
credit postings. When
entering the Bill, the account is debited. When the BoE Transfer proposal is created or
when the BoE is Settled, the account is credited.
- PP28 Description of use: Customer Check and
Check Cashing Proposals, right mouse
button option Print Check Cashing Report. When the
customer Check is entered and saved, all matched invoices are closed and the new, open
Check is posted to this account which will represent a new, open ledger item instead of
the invoices. When the Check is included in a Check Cashing report, or when the Check is
Cashed in Customer Checks, Cash Check, this account is reversed.
Debit or credit posting: This account will have as many debit as
credit postings. When
entering the Check, the account is debited. When the Check Cashing report is created or
when the Check is Cashed, the account is credited.
- PP29 Description of use: Supplier Bills of
Exchange, Supplier Payment Orders. When a supplier Bill of Exchange is entered and saved, or created, the
remaining
unmatched amount is stored as a payment on account which is posted to this
account.
Debit or credit posting: When entering or creating the Bill, the account is debited.
When offsetting the payment on account, the account is credited.
- PP30 Description of use: Supplier Check,
Supplier Payment Orders. When a supplier Check is entered and saved, or created, the remaining
unmatched amount is stored as a payment on account which is posted to this account.
Debit or credit posting: When entering the Check, the account is debited. When
offsetting the payment on account, the account is credited.
- PP31 Description of use: Customer Bills of
Exchange. When a customer
Bill of Exchange is entered and saved, the remaining
unmatched amounts are stored as a
payment on account which is posted to this account.
Debit or credit posting: When entering the Bill, the account is credited. When
offsetting the payment on account, the account is debited.
- PP32 Description of use: Customer Check. When a customer Check is
entered and saved, the remaining unmatched amounts
are stored as a payment on account which
is posted to this account.
Debit or credit posting: When entering the Bill, the account is credited. When
offsetting the payment on account, the account is debited.
- PP33 Description of use: In all supplier payment activities where you can write-off
parts of invoices, the write-off amount is separately posted. In some countries, the
tax
amount must be reduced correspondingly. This posting type gives the correct account for
that.
Debit or credit posting: Since tax was originally posted on the debit side for supplier
invoices, it will be reduced as a credit posting.
- PP34 Description of use: In all customer payment activities where you can write-off
parts of invoices, the write-off amount is separately posted. In some countries, the
tax
amount must be reduced correspondingly. This posting type gives the correct account for
that.
Debit or credit posting: Since tax was originally posted on the credit side for
customer invoices, it will be reduced as a debit posting.
- PP35 Description of use: Check Cashing
Proposals, right mouse
button option Print Check Cashing Report
and Mixed Payment, Acknowledge Customer Check Cashing. When creating the report, all
postings are made automatically. It is still possible to not affect the primary cash
account, by using a transit account instead. This transit account will be reversed when
the Checks are cashed in the Mixed Payment. Then the cash account will be used.
Debit or credit posting: This account will have as many debit as
credits postings. When
creating the Check Cashing report, the account is debited. When cashing the Check, the
account is credited in order to balance the debit of the cash account.
- PP36 Description of use: Mixed Payment, Customer Payment and
Acknowledge Customer Payment Order, Enter Acknowledgement. When the customer payment in advance is created,
it will
be posted according to this posting type.
Debit or credit posting: When the payment in advance is created, this account is
credited. When the payment is offset or matched, this account is debited.
- PP37 Description of use:
Acknowledge Supplier Payment Orders, Enter Acknowledgement.
When the supplier payment in advance is created, it will be posted according to this
posting type.
Debit or credit posting: When the payment in advance is created, this account is
debited. When the payment is offset or matched, this account is credited.
- PP38 Description of use: Mixed Payment, Customer Payment and
Acknowledge Customer Payment Order, Enter Acknowledgement. When the customer payment in advance is created, the
specified Ttaxax will be posted according to this posting type.
Debit or credit posting: When the payment in advance is created, this account is
credited. When the payment is offset or matched, this account is debited.
- PP39 Description of use:
Acknowledge Supplier Payment Orders, Enter Acknowledgement.
When the supplier payment in advance is created, the specified tax will be posted
according to this posting type.
Debit or credit posting: When the payment in advance is created, this account is
debited. When the payment is offset or matched, this account is credited.
- PP40 Description of use: Mixed Payment, Customer Payment and Acknowledge
Customer Payment Order, Enter Acknowledgement. When the customer payment in advance is created, the
specified tax will be posted according to this posting type. A contra account to PP38.
Debit or credit posting: When the payment in advance is created, this account is
debited. When the payment is offset or matched, this account is credited.
- PP41 Description of use:
Acknowledge Supplier Payment Orders, Enter Acknowledgement.
When the supplier payment in advance is created, the specified tax will be posted
according to this posting type.
Debit or credit posting: When the payment in advance is created, this account is
credited. When the payment is offset or matched, this account is debited. A contra account
to PP39.
- PP42 Description of use: Mixed Payment, Customer Payment and
Customer Payment. When a
payment of a customer invoice attached to a deduction group is created, the deduction
amount for each deduction rule is posted according to this posting type.
Debit or Credit posting: The deduction is posted on the debit side.
- PP43 Description of use: In all customer payment activities where you create a payment
of a customer invoice attached to a deduction group, the deduction amount is separately
posted. In some countries, the tax amount must be reduced correspondingly. This posting
type gives the correct account for that.
Debit or credit posting: Since tax originally was posted on the credit side for
customer invoices, it will be reduced as a debit posting.
- PP44 Description of use: Mixed Payment,
Direct Cash Payment. When a transaction with Tax
Direction "Received" is posted, the tax account will be affected automatically due to this
posting type.
Debit or credit posting: Normally a debit posting.
- PP45 Description of use: Mixed Payment,
Direct Cash Payment. When a transaction with Tax
Direction "Disbursed" is posted, the tax account will be affected automatically due to this
posting type.
Debit or credit posting: Normally a credit posting.
- PP46 Description of use: Mixed Payment,
Direct Cash Payment. When a transaction with Tax
Direction "Received" and a Tax Code set up as Tax
Type "Calculated" is posted the tax
account will be affected automatically due to this posting type. PP47 is used to
counter-post this posting type.
Debit or credit posting: Normally a debit posting.
- PP47 Description of use: Mixed Payment, Direct Cash Payment. When a transaction with Tax
Direction "Received" and a Tax Code set up as Tax
Type "Calculated" is posted, the tax
account will be affected automatically due to this posting type. This posting type
counter-posts PP46.
Debit or credit posting: Normally a credit posting.
Prerequisites
This activity requires that a company has been created and that the chart of accounts
has been defined.
System Effects
Not ready