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Lease Amortization Line Type = Initial Entry
Shipping State != Texas (current program - tested and approved)
GL Accounts | Debit | Credit |
|---|---|---|
Lease Receivable Account | 668.94 | |
Product Revenue Account | 668.94 |
...
GL Accounts | Debit | Credit | Comments |
|---|---|---|---|
Lease Receivable | 668.94 | ||
Product Revenue | 668.94 | ||
Sales Tax Payable | 70 | Original Ownership Amount * Tax Rate | |
Sales Tax Receivable | 70 |
Lease Amortization Line Type = Monthly Entry
Shipping State != Texas (current program - tested and approved)
GL Accounts | Debit | Credit |
|---|---|---|
Accounts Receivable | 18.35 | |
Lease Receivable Account | 11.40 | |
Interest Income Account | 5.55 | |
Sales Tax Payable Account | 1.4 |
...
GL Accounts | Debit | Credit |
|---|---|---|
Accounts Receivable | 18.35 | |
Lease Receivable Account | 11.40 | |
Interest Income Account | 5.55 | |
Sales Tax Receivable | 1.4 |
Lease Amortization Line Type = Cancellation
Shipping State != Texas (current program - tested and approved)
GL Accounts | Debit | Credit |
|---|---|---|
Write-off Account | 634.45 | |
Lease Receivable Account | 634.45 |
...
GL Accounts | Debit | Credit |
|---|---|---|
Write-off Account | 634.45 | |
Lease Receivable Account | 634.45 | |
Sales Tax Payable | 68.6 | |
Sales Tax Receivable | 68.6 |
Lease Amortization Line Type = Discount
...