BlankHoi,
I tried to understand the GL accounts functionality in the company setup.
Please help me to explain.
With best regards,
Dick Stins
Debtors Control GL Account:
- All invoices sent to customers are registrated at this GL
Creditors Control GL Account:
- All received invoices of suppliers are registrated at this GL
Payroll Net Pay Clearing GL Account:
- All netto payed amounts to the employees are registrated at this GL (no
taxes)
Goods Received Clearing GL Account:
- All orders (or invoices of suppliers) are registrated at GL account ....
- When the order is received, then it will be registrated at this goods
received clearing GL account.
Retained Earning Clearing GL Account:
- All payments for invoices send to customers
Freight Re-charged GL Account:
- ?
Exchange Variances GL Account:
- differences in exchange rates ?
Sales Exchange Variances GL Account:
- differences in exchange rates when sold to your clients
Purchases Exchange Variances GL Account:
- differences in exchange rates when bought from your suppliers
Payment Discount GL Account:
- discount when payed in time? or all discounts you give to the customers?
Or discounts from the suppliers?
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