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Off Book: Off Book programs use Sales Transactions to automate rule-based entries to an Off Book sub-ledger that may . These balances can be paid in the future (to either a customer or vendor. Off Book ) in the future or written off. These programs do not impact the General Ledger when the Sales transaction is posted, and they are not visible to the customer. They only impact the General Ledger when they are Settled. When Off Book programs they are 'Settled', AP Invoices or AR Credit Memos are created to debit the accrual account programs assigned 'Expense Account' and credit the Vendor's Accounts Payable or Customer's Accounts Receivable account. This moves the sub-leger balance from the Broker to the Vendor.They These are often used to keep a tally of money that can be used for things like food shows and other marketing activities. . Balances that are written off have no impact on the General Ledger. |