Posting by Primary Customer Type

This post inventory by Customer Type processing allows the Daily Close to post the rental revenue and COGS expense for non-bulk rental equipment, to different revenue and expense G/L accounts by product, according to the type of customer on the invoice.
Use this utility to setup the Customer Types and the G/L posting accounts.
If no match is made for the product Posting ID code and the Customer Type, with a record in this table, then the regular G/L posting accounts from the Product Class applies.

The prompts to setup records with Posting G/L Accounts by Customer Type for the selected Posting ID, are:

SEQ#

The sequence numbers track and sort the records in the table.

CUST TYPE

Enter the Customer Type or select one from the drop-down list as setup in Customer Types.
The G/L posting accounts by Inventory Posting ID apply only if a match is found on the primary Customer Type for the customer being invoiced, and the new Rental or Sales Posting ID to be assigned to the non-bulk rental equipment by this invoice transaction.

REVENUE ACCOUNT

The Revenue account applies only to rental transactions and replaces the Rental Revenue account defined in the Rental Product Class.
Enter the appropriate G/L Revenue account to be Credited, when an invoice is posted for a customer having this customer Type, for the rental revenue generated from a non-bulk rental product that is now being assigned this Rental Posting ID code.
A G/L Account Search window is provided to lookup for the account number.

Leave this field blank if rental revenue does not apply to this Posting ID code.
i.e. The Revenue Account does not apply to Sales or Disposals of Rental equipment, therefore this field can be left blank if this Posting ID is to be used for Sales only.

DESCRIPTION

The description of the G/L Revenue account displays.

EXPENSE ACCOUNT

The Expense account applies only to the Sale or Disposal of rental equipment and replaces the COGS account defined in the Rental Product Class.
Enter the appropriate G/L Expense account to be Debited when an invoice is posted for a customer having this customer Type, for the sale of a non-bulk rental product that is now being assigned this Sales Posting ID code.
A G/L Account Search window is provided to lookup for the account number.

Leave this field blank if the COGS account does not apply to this Posting ID code.
i.e. This Expense Account does not apply to rental of the equipment, therefore this field can be left blank if this Posting ID is to be used for Rentals only.

DESCRIPTION

The description of the G/L Expense account displays.

Finished ?

When the customer type posting records have been entered, click ACCEPT to accept and exit the screen.

ACTIONS:
Additional actions provided by buttons on the Posting by Primary Customer Type screen include:

• Delete a Posting Account Record:
  To delete an existing Customer Type record with associated G/L accounts, click on the record to be deleted to highlight it in focus and click the DELETE button.
  Confirmation is required.

  An audit record of the deletion is not written.