The brokerage control account stores summary balances of open (accrued but unpaid) Brokerage Programs. When sales transactions, that include a Brokerage Program are posted, the brokerage payable (liability) is posted to the Brokerage Control Account and the details are written to the Broker Balances sub-ledger in the Sales Programs functional area. When Brokerage Program Settlements are posted, the brokerage payable balance moves to an accounts payable balance and the details in the brokerage balances sub-ledger are moved to the Vendor sub-ledger.
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