Distribute Comment Invoice For Free

Also, the released invoices are automatically posted as receivables in financial accounting and an open item is created in the customer account. This is tracked until the corresponding payment is received. The payment is posted as a cash receipt in financial accounting.

Enter the FI Doc # in the Document Number field, then click Execute. This function may take a moment to process, but then it should create a screen containing the data fields below. If the 'Clearing' field is occupied, this signifies that the payment has already been generated on the date listed.

Invoice distributions contain account distribution information such as debit and credit accounts, the amount to distribute, and whether to classify distributions using projects, classes, grants, or transaction codes. You add invoice distribution information when you add a new invoice.

You can use a Distribution Set to automatically enter distributions for an invoice when you are not matching it to a purchase order. For example, you can create for an advertising supplier a Distribution Set that allocates advertising expense on an invoice to four advertising departments.

Invoice Types Standard. Mixed. PO Price Adjustment. Credit Memo. Debit Memo. Prepayment. Expense Report.

The distributions you enter for an invoice allocate the total invoice amount to various expense or asset accounts. For example, you can distribute expenses from one office supply invoice to expense accounts for several departments. Payables uses distributions to create general ledger journal entries for invoices.

To create a Full Distribution Set: In the Distribution Sets window, enter the Name and Description of the Distribution Set you are creating. Enter the Account and Description for each distribution and enter the Percentage of the invoice amount that you want to distribute to the Account.Save your work.