Difference between revisions of "Line of Credit Type Maintenance"
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| + | Line of Credit Type Maintenance indicates which general-ledger accounts are affected by different types of transactions involving a line of credit. Examples are transactions affecting asset values, advances payable, receivable/received interest, and miscellaneous adjustments. This application also allows you to specify the cash account that incoming and outgoing funds impact (from Bank Account Setup). Once you assign a specific type to a line of credit record, the rules established here are applied to that line’s transactions. | ||
Revision as of 12:56, 7 September 2012
Overview of IL800
Line of Credit Type Maintenance indicates which general-ledger accounts are affected by different types of transactions involving a line of credit. Examples are transactions affecting asset values, advances payable, receivable/received interest, and miscellaneous adjustments. This application also allows you to specify the cash account that incoming and outgoing funds impact (from Bank Account Setup). Once you assign a specific type to a line of credit record, the rules established here are applied to that line’s transactions.
