Storno accounting – a debit and credit code

Requirement

In many countries, debit and credit accounting entries are represented with positive (+) and negative (-) amounts in the various amount fields.

In countries that follow Storno accounting rules, a one-character code is used alongside the amount fields. With this code, negative debits and positive credits are allowed and are used to reflect correcting accounting entries.

M3 solution

In this country, debit and credit are usually represented by the Plus (+) and Minus (-) signs without any additional code.

Configuration guidelines

Program ID	Program name	Description or comment
CRS750/E	Settings - General Ledger	The Debit/credit cd field is normally cleared for this country.