Show TOC

 Special G/L Indicators (Accounts Payable)

Use

To enter a special G/L transaction, you must enter a special G/L indicator in the line item. The system then posts the line item to a reconciliation account other than the one in the vendor master record. These special G/L accounts are reported separately in the balance sheet. The most frequent special G/L transactions are:

  • Down payments

  • Bills of exchange

  • Guarantees

  • Security deposits

  • Individual value adjustments

  • Amortization

  • Interest payable

You can post down payments and bills of exchange using special functions.