Distribute Table Of Contents Invoice For Free

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.

To cancel an invoice: Find the invoice. See: Finding Invoices. In the Invoices window, select the invoice you want to cancel and choose Actions. In the Invoice Actions window, select Cancel Invoices and choose OK to have Payables cancel the invoice. Save your work.

Accounting distributions are used to allocate monetary amounts for a source document to specific ledger accounts. Accounting distributions are a program-wide capability that is used and extended by each source document, such as a purchase order, vendor invoice, expense report, and free text 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.

Defining Distribution Sets Distribution sets are used for miscellaneous income (non-invoice related) that needs to be allocated across more than one general ledger account code. They provide the ability to allocate miscellaneous transaction amounts across different accounts.

Accounting distributions are used to define how an amount will be accounted for, such as how the expense, tax, or charges will be accounted for on a vendor invoice. Every amount that must be accounted for when the vendor invoice is journalized will have one or more accounting distributions.

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.

The account distribution for a bill is a debit to Account 115 Merchandise Inventory and a credit to Account 201 Accounts Payable/Vendor.

Accounts receivable are the funds that customers owe your company for products or services that have been invoiced. The total value of all accounts receivable is listed on the balance sheet as current assets and include invoices that clients owe for items or work performed for them on credit.