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Defining the Fields
Company ID
The company ID uniquely identifies this company. The options that appear in this list are pulled from the data entered into the Company ID screen.
Journal ID
The Journal ID uniquely identifies the journal. It's recommended, but it is not required, that the first letter reflects the type of journal.
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Example R for Receipts Note: JournalIDs may not contain dashes ("-"). |
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Note: Selecting the journal type will effect the fields that appear at the bottom of the screen. |
Journal Name
For internal users only. The Journal name is the name of the Journal.
Journal tips
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When Journals are being creating, users should keep the below items in mind: It is suggested that when creating a journal name, the name of the journal is generic enough so that if the bank account changes, users do not need to update the journal. If users find that a journal name needs to be updated, then a new journal should be created and the original journal should be removed. |
Currency
The currency in which these transactions will occur in under this journal.
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Example If users are quoting in USD in Reservations, then a USD receivable journal must be created. If users are paying a suppier in EUR, then a EUR payable journal must be created. |
Effect on Account
The effects on the "post to account" (see below). Users will select either debit or credit from the drop-down menu.
Post to Account
Users will enter the account number to be affected by the transactions that are posted to this Journal. That account that will be directly effected by every transaction in this journal. The accounts in this field are the accounts that were entered in the chart of accounts screen.
Adjustments Account
As Transactions are recorded, an adjustment account may be used to record those discrepancies between the expected and the actual receipts/payments.
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Note: This field is not typically used. The most common use for this is to account for the credit card transactional fees if the company is responsible for those fees. Only available for Receipts and Payables |
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Gain/Loss on Each account
As Transactions are recorded, aa gain or loss account may be used to record the difference between the exchange rate the service is costed at and the exchange rate used to pay for the service.
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Only available for Payables and ARC's |
Disburse from Account
Payable Journals may be left as is or disbursed. Disbursed payables would be posted to this account number. The button on the left may also be used to indicate the layout of the check to be printed.
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Only available for Payables |
Pay Type
This option applies to the "pay supplier" screen. When users search for a supplier and select the currency type in the pay supplier screen, the application will attempt to match the payment type from the supplier to the payment type of the journal.
Type in "T" for "EFT", "C" for "Check", "O" for "Closed", or "H" for "Hold". When paying a supplier, if it has the same pay type and currency as this journal, then this journal will be automatically selected to record the payment.
Example of the pay type in the Accounting Info Tab in Suppliers under the Product Subsystem:
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