EP transaction accounting
This table shows accounting examples for non-EP orders:
| Account | Debit or Credit |
|---|---|
| Receivables | Debit |
| Sales | Credit |
| Cost of goods sold | Debit |
| Inventory | Credit |
This table shows accounting for EP orders:
| Account | Debit or Credit |
|---|---|
| EP account | Debit |
| Sales | Credit |
| Cost of goods sold | Debit |
| Inventory | Credit |
Because you are not creating Receivables for your customer, the EP account is credited until settlement is received. You can assign an account to use for EP transactions when you set up Billing.