Offset Account Assignments Wizard - Transactions Panel

Access this panel using Maintain>Offset Account Assignments> Wizard.

Use this panel to enter the Transaction type for the offset account assignments to be made.

 

Transaction Source: Select the transaction type for the offset assignments to be made. You can choose from the following transaction types:

• APC (A/P Checks)*
• API (A/P Invoices)*
• APM (A/P Credits (On Account))*
• ARB (A/R Invoices)*
• ARC (A/R Receipts)*
• ARM (A/R Credits)*
• ARP (A/R Prepayments)*
• CD (Cash Disbursements)
• CR (Cash Receipts)
• IAM (Manual Inventory Adjustments)*
• JV (Journal Vouchers)

*These are only available if the A/P, A/R Billing, A/R Reporting, or Inventory Control modules are installed.

Entry Currency: Select the transaction entry currency type from the drop-down list. This field is only available for ARC and APC transaction types and represents the invoice currency for the offset assignment and if the Multicurrency module has been installed and added to the organization by the Administrator (Organization>Add a Module). For all other transaction types, the field is not available and displays the currency of the transaction entry General Ledger account.

• Currency is primarily used with the ARC and APC transaction types to facilitate paying or receiving cash payments in a currency that is different than the currency that the invoice was entered in (such as when an invoice is entered in Canadian dollars, but the check will be paid in US dollars). See Process to Settle Open A/P and A/R Transactions for more information.
• For the ARC and APC transaction types, selecting ANY allows you to enter a single offset assignment and have it apply to all active currencies. When you click Finish, the offset assignments entered are duplicated for each active currency. Offsets are not stored with the ANY value for the ARC and APC transaction types.

Use Reports>Lists>Offset Account Assignments to print the data entered on this wizard.