Accounting Rules for MF - Multiple Unit Coordination
MF01: Internal Invoicing
When applied
Account entries are created when internal invoices are generated for deliveries made between different divisions in 'Internal Invoice. Create' (MFS100).
References
See Multiple Unit Coordination (MUC).
Accounting rules for MF01: Internal invoicing
| Rule | D/C | Name | Description |
|---|---|---|---|
| MF01-100 | D | Accounts receivable | Represents the accounts receivable control account that will be debited in the selling division. |
| MF01-111 | C | VAT payable 1 | Used when the 'VAT reported on payment day' check box is left cleared for the VAT code in 'VAT Code. Open'(CRS030). |
| MF01-112 | C | VAT payable 2 | Used when the 'VAT reported on payment day' check box is left cleared in combination with VAT method 2 or 3 in (CRS030). |
| MF01-113 | C | Suspense account for VAT payable 1 | Used when the 'VAT reported on payment day' check box is selected in (CRS030). |
| MF01-114 | C | Suspense account for VAT payable 2 | Used when the 'VAT reported on payment day' is selected in combination with VAT method 2 or 3 in (CRS030). |
| MF01-120 | C | Revenues | Represents the total of the items involved as an external AR revenue transaction in the sales division. The accounting rule is used instead of MF01-600 when the periodic inventory system is selected for the division on (CAS900/E). |
| MF01-200 | C | Accounts payable | Represents the accounts payable control account that will be credited in the buying division. |
| MF01-211 | D | VAT receivable 1 | Used when the 'VAT reported on payment day' check box is left cleared in (CRS030). When used to record Canadian sales tax on purchases in 'Supplier Invoice. Record' (APS100) it represents the General Sales Tax (GST) or the Harmonized Sales Tax (HST). For details, see Canadian Sales Tax in M3. |
| MF01-212 | D | VAT receivable 2 | Used when the 'VAT reported on payment day' check box is selected in combination with VAT method 2 or 3 in (CRS030). When used to record Canadian sales tax on purchases in (APS100) it represents the Provincial Sales Tax (PST) or Quebec Sales Tax (QST). If the PST is self-assessed by the company, an offsetting PST credit transaction is created based on accounting rule AP10-217. |
| MF01-213 | D | Suspense account for VAT receivable 1 | Used when the 'VAT reported on payment day' check box is selected in (CRS030). |
| MF01-214 | D | Suspense account for VAT receivable 2 | Used when the 'VAT reported on payment day' check box is selected in combination with VAT method 2 or 3 in (CRS030). |
| MF01-280 | Rounding off | ||
| MF01-301 | C | Realized exchange rate gain |
Represents any exchange rate gain arising from the use of different exchange rates, for example, when different exchange rates have been used to create account entries based on accounting rules OI20-600/610 and MF01-600/610. Only used if there is a difference in the used currency rate between, for example, account entries for accounting rules OI20-600/610 and MF01-600/610. |
| MF01-302 | D | Realized exchange rate loss | As MF01-301, but represents any exchange rate loss instead. |
| MF01-600 | C | Claim against receiving facility | Represents the offset account to claims on another division for distributed goods, created previously for accounting events such as MM50. |
| MF01-610 | D | Debt against delivering facility | Represents the offset account to debts to another division for distributed goods, created previously for accounting events such as MM50. |
| MF01-620 | Internal revenue | Represents the difference in revenue. Used when the transfer price has been changed at the time of invoicing in (MFS106). | |
| MF01-911 | Purchase price difference | Represents the difference in cost. Used when the transfer price has been changed at the time of invoicing in (MFS106). | |
| MF01-952 | D | Received invoice price | Represents the total of the items involved as an external AP expense transaction in the purchasing division when the periodic inventory system is selected for the division on (CAS900/E). |
| MF01-953 | C | Control account for received invoice price | Represents the offset account to MF01-952. |
| MF01-954 | D | Offset account for internal division settlement | Represents the offset account to MF01-120. |
MF10: Cross-Division Vouchers
When applied
Account entries are created when a transaction belonging to one division is posted, using the coding panel (GLS120), in another division.
Accounting rules for MF10: Cross-division vouchers
| Rule | D/C | Name | Description |
|---|---|---|---|
| MF10-630 | D | Inter-division settlement | Represents the claim on the division to which the transaction belongs. |
| MF10-631 | C | Inter-division receipt | Represents the debt to the division where the transaction was recorded. |
MF20: Cross-Division Allocations
When applied
Account entries are created when transactions from one division are allocated to another division in 'A/C Allocation. Update' (GLS130).
Accounting rules for MF20: Cross-division allocations
| Rule | D/C | Name | Description |
|---|---|---|---|
| MF10-630 | D | Inter-division settlement | Represents the claim on the division to which the transaction belongs. |
| MF10-631 | C | Inter-division receipt | Represents the debt to the division where the transaction was recorded. |