Customer Setup - General Ledger field descriptions

Fields are listed alphabetically.

Customer General Ledger Control Account

The Customer Control account accumulates the total invoice amount for each invoice generated for the customer. It can be used to confirm the customer's outstanding balance. This account code is updated during Customer Batch Update Entry Report, Customer Cash Receipts Entry, Customer Transaction Entry, Sales Entry Processing Invoice Processing Report, Sales Order Entry received on account and Customer Entry Roll Balances Report service charges.

Bank General Ledger Control Account

If no Customer Bank account code is set up in CR Banks Setup, then the Customer Bank account specified here is used to accumulate the total amount of cash received from this customer through Customer Cash Receipts Entry and Sales Order Entry tendering and received on account.

Discount General Ledger Account

The discount is determined when the invoice is paid. It is calculated from the terms code specified on the invoice. If the invoice is paid within the number of days specified, the discount is subtracted from the total amount due. The Customer Discount account accumulates the discounts taken on all invoices through Customer Cash Receipts Entry and Customer Transaction Entry.

Income General Ledger Account

The Customer Income account accumulates the total amount of income earned from this customer. It automatically defaults into the first account code line of the General Ledger distribution window in Customer Transaction Entry and Customer Batch Transaction Entry in the system.