General Ledger Transactions Overview
This topic explains some of the types of G/L transactions created through Service.
Materials Issued to an SRO
In this case, the SRO item must be in the Items form.
When the SRO Accumulate WIP check box is selected, and the partner is not reimbursed for materials:
| Debit | Credit |
|---|---|
| Items's inventory location material account | |
| Items's inventory location labor account | |
| Items's inventory fixed overhead account | |
| Items's inventory variable overhead account | |
| Items's inventory location outside account | |
| SRO WIP Labor Acct | |
| SRO WIP Fixed Overhead Acct | |
| SRO WIP Variable Overhead Acct | |
| SRO WIP Outside Acct | |
| Item's Product Code Fixed Overhead Acct | |
| Item's Product Code Variable Overhead Acct |
When the SRO Accumulate WIP check box is cleared, and the partner is not reimbursed for material:
| Debit | Credit |
|---|---|
| Item's Inventory Location Material Acct | |
| Item's Inventory Location Labor Acct | |
| Item's Inventory Location Fixed Overhead Acct | |
| Item's Inventory Location Variable Overhead Acct | |
| Item's Inventory Location Outside Acct | |
| SRO COGS Material Acct | |
| SRO COGS Labor Acct | |
| SRO COGS Fixed Overhead Acct | |
| SRO COGS Variable Overhead Acct | |
| SRO COGS Outside Acct | |
| Item's Product Code Fixed Overhead Acct | |
| Item's Product Code Variable Overhead Acct |
When the SRO Accumulate WIP check box is selected, and the partner is reimbursed for materials:
| Debit | Credit |
|---|---|
| Partner Reimbursement Account (Vouchers Payable) | |
| SRO WIP Material Acct | |
| SRO WIP Labor Acct | |
| SRO WIP Fixed Overhead Acct | |
| SRO WIP Variable Overhead Acct | |
| SRO WIP Outside Acct | |
| Item's Product Code Fixed Overhead Acct | |
| Item's Product Code Variable Overhead Acct |
When the SRO Accumulate WIP check box is cleared, and the partner is reimbursed for materials:
| Debit | Credit |
|---|---|
| Partner Reimbursement Account (Vouchers Payable) | |
| SRO COGS Material Acct | |
| SRO COGS Labor Acct | |
| SRO COGS Fixed Overhead Acct | |
| SRO COGS Variable Overhead Acct | |
| SRO COGS Outside Acct | |
| Item's Product Code Fixed Overhead Acct | |
| Item's Product Code Variable Overhead Acct |
Labor Transactions Logged against an SRO
These transactions are performed by partners only.
When the SRO Accumulate WIP check box is selected:
| Debit | Credit |
|---|---|
| SRO WIP Labor Acct | |
| SRO WIP Fixed Overhead Acct | |
| SRO WIP Variable Overhead Acct | |
| Partner Department Labor Expense | |
| Partner Department Fixed Overhead Labor Applied | |
| Partner Department Variable Overhead Labor Applied |
When the SRO Accumulate WIP check box is cleared:
| Debit | Credit |
|---|---|
| SRO COGS Labor Acct | |
| SRO COGS Fixed Overhead Acct | |
| SRO COGS Variable Overhead Acct | |
| Partner Department Labor Expense | |
| Partner Department Fixed Overhead Labor Applied | |
| Partner Department Variable Overhead Labor Applied |
Miscellaneous Transactions Issued To A SRO
When the SRO Accumulate WIP check box is selected:
| Debit | Credit |
|---|---|
| Miscellaneous Code Account | |
| SRO WIP Material Acct | |
| SRO WIP Labor Acct | |
| SRO WIP Fixed Overhead Acct | |
| SRO WIP Variable Overhead Acct | |
| SRO WIP Outside Acct |
When the SRO Accumulate WIP check box is cleared:
| Debit | Credit |
|---|---|
| Miscellaneous Code Account | |
| SRO COGS Material Acct | |
| SRO COGS Labor Acct | |
| SRO COGS Fixed Overhead Acct | |
| SRO COGS Variable Overhead Acct | |
| SRO COGS Outside Acct |
SRO Invoice Printing
When the SRO Accumulate WIP check box is selected:
| Debit | Credit |
|---|---|
| SRO WIP Material Acct | |
| SRO WIP Labor Acct | |
| SRO WIP Fixed Overhead Acct | |
| SRO WIP Variable Overhead Acct | |
| SRO WIP Outside Acct | |
| SRO COGS Material Acct | |
| SRO COGS Labor Acct | |
| SRO COGS Fixed Overhead Acct | |
| SRO COGS Variable Overhead Acct | |
| SRO COGS Outside Acct |
When the SRO Accumulate WIP check box is cleared:
No Posting Required
SRO Invoice Posting (Posted From A/R)
| Debit | Credit |
|---|---|
| SRO Sales Account | |
| A/R Account From A/R Parameters |
SRO Invoice Posting (Posted From A/R)
| Debit | Credit |
|---|---|
| SRO Sales Account | |
| A/R Account From A/R Parameters |
Contract Invoice Posting (Posted From A/R)
| Debit | Credit |
|---|---|
| Contract Product Code Sales Account | |
| A/R Account From A/R Parameters |