Base currency invoice
These examples show the general ledger transactions created from a base currency invoice paid with a base currency cash payment. Assume this information about the sample invoice:
| Invoice amount | 100.00 |
| Discount amount | 10.00 |
| Reportable income withholding | 27.00 |
| Withholding rate | 30% |
Invoice Distribution Closing (AP175) Transactions
This program creates general ledger entries for accruing the invoice liability.
| Account Description | Debit | Credit |
|---|---|---|
| Expense Account #1 | 50.00 | |
| Expense Account #2 | 50.00 | |
| Accounts Payable | 100.00 |
Payment Closing (AP170) Transactions
This program creates general ledger entries for the cash payments.
| Account Description | Debit | Credit |
|---|---|---|
| Accounts Payable | 100.00 | |
| Cash | 63.00 | |
| Discount | 10.00 | |
| Reportable Income Withholding Accrual | 27.00 |
Invoice Reinstatement (AP190) Transactions
This program creates general ledger entries for voided payments.
| Account Description | Debit | Credit |
|---|---|---|
| Cash | 63.00 | |
| Discount | 10.00 | |
| Reportable Income Withholding Accrual | 27.00 | |
| Accounts Payable | 100.00 |