About Using Accounts Receivable with General Ledger

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Selecting General Ledger Integration Options for Accounts Receivable

Assigning Information to G/L Transaction Fields

Accounts Receivable creates batches of general ledger transactions either when you post the A/R transactions or on demand. Each general ledger transaction includes all the information needed to accurately update receivables data in your general ledger.

Separate batches are automatically created for invoices, receipts, and adjustments. On the A/R G/L Integration screen, you can specify whether to add the transactions to existing batches or create new batches each time you post.

If your General Ledger system is at another location, Accounts Receivable creates all general ledger transactions in a single batch that you can import into General Ledger.

Note: If a fiscal period is locked for General Ledger but not for Accounts Receivable, you can create batches for General Ledger during posting or using the A/R Create G/L Batch screen (depending on Accounts Receivable G/L Integration settings). When you try to post transactions to a locked period in General Ledger, however, the transactions are placed in an error batch. You can avoid this situation if you create and post General Ledger batches for outstanding Accounts Receivable transactions before locking a period for General Ledger.

The G/L Transactions report and the summary at the end of each Accounts Receivable posting journal lists the general ledger accounts that will be debited and credited with receivables transactions when you post the transactions. You specify the information to include with each unconsolidated General Ledger transaction on the A/R G/L Integration Detail screen.

General Ledger Accounts Used in Accounts Receivable

You use the A/R Account Sets screen to create groups of general ledger account numbers associated with customers and their transactions.

Tip: To ensure that the account numbers you assign exist in General Ledger, click the Finder and select an account.

You assign the following general ledger accounts:

If you use multicurrency, you also assign the following general ledger accounts:

Accounts Receivable creates transactions for these accounts when you revalue multicurrency transactions at new exchange rates, or post receipts and credit notes at different rates from those used for the documents being paid or credited.