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Off Book: Off Book programs ... are used to account for and store the details of an expense that will be paid to an AP Vendor in the future. The expense and accrual entries are included with the Sales transaction's Journal Entry and the details are added to the Broker Balance sub-ledger. When Brokerage programs are 'Settled', use Sales Transactions to automate rule-based entries to an Off Book sub-ledger that may be paid in the future to either a customer or vendor. Off Book 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 are 'Settled', AP Invoices are created to debit the accrual account and credit the Vendor's Accounts Payable account. This moves the sub-leger from the Broker to the Vendor. They are often used to keep a tally of money that can be used for things like food shows and other marketing activities. |
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