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Users can access this screen in the Accounting Subsystem under the "setup" menu.
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There are four different types of journals:
Payable: Payable journals should be setup for each currency that the suppliers will be paid in.
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ARC: There is generally only 1 (one) ARC per company and defines how a company will pay an airline.
Creating Journals
The below defines how users can apply the fields available in the journals screen.
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 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 ("-"). |
Journal Type
Select Select the Journal Type:
Receipts
Receipts
Payables
General Journal
ARC Journal
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Note: Selecting the journal type will effect the fields that appear at the bottom of the screen. |
Journal Name
For 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 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 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 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 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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Note: When selecting Journal type "ARC," the journal screen will display a CC Processed Thru ARC field. This field behaves in the same way as the adjustments field, however, is relabeled to account for credit cards processed through ARC. |
Gain/Loss on Each account
As 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 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 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 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 Example of the pay type in the Accounting Info Tab in Suppliers under the Product Subsystem:
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