This option appears on the IC Utilities Menu only when the
Post by Inventory by Customer Type feature has been
activated in the Support Application
Parameters.
This processing facilitates the posting of revenue and expenses for
non-bulk rental equipment, to different revenue and expense G/L
accounts by product, according to the type of customer.
When this processing is activated, Posting ID fields
appear in Rental Inventory.
The Posting ID codes, to be assigned to all non-bulk rental
equipment, can be setup on the Configure
System Settings in the Posting
Identifications option with the corresponding G/L accounts and
Customer Types in the Accounts window as outlined in
Posting by Primary Customer Type.
Note: Daily Close 2 will require that all
non-bulk rental equipment be associated with Posting ID codes in
Rental Inventory.
When non-bulk rental equipment is rented or sold, the Current
Posting ID is updated.
An audit trail in Posting ID Changes
tracks changes to the Posting ID codes by product.
Then when an invoice renting or selling a non-bulk rental item
to a customer having a Customer Type identified in Posting by Primary Customer Type matching the
product's Posting ID code, is posted through the Daily Close, the
G/L posting accounts are determined by that product's Posting
ID.
If an invoice is generated for a customer having a Customer Type
that is NOT identified with a Posting ID code that matches the
product's, then the regular G/L posting accounts as setup in
Rental Product Classes, are used.
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