...
| Table of Contents | ||
|---|---|---|
|
Design Note
On the Amortization table, add a new field, Ship-to Texas.
When creating Amortization, and if Shipping State = Texas, check this new field. Then look at below to create additional GL Entries.
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 |
Shipping State = Texas
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 |
...
Shipping State = Texas
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
Ignore
Lease Amortization Line Type = Down Payment
...
Debit Accounts Receivable
...
Ignore