GL Account - Purchase Clearing
- Tom Williams
Owned by Tom Williams
The GL Account that is used for the following Transaction journal entries:
- AP Invoices: The debit account used for purchase order line items with a 'Distributed To' value of either Item, Landed, Layer-Lot or Layer-Transaction.
- AP Credit Memos: The credit account used for purchase order line items with a 'Distributed To' value of either Item, Landed, Layer-Lot or Layer-Transaction.
The GL Account that is used for the following Costing journal entries: This only applies to the 'Actual' cost of Items with a Costing Method of "Active".
- Inventory Receipts: The credit account used for purchase order line items.
- Cost Applications: The GL Account used when matching AP Invoices to Receipts for purchase order line items.