To Create a Debtors Posting Code follow the below steps:
1. Debtors Posting Codes
- Navigate to Settings -> Debtors -> Debtors Posting Codes or Debtors -> Debtors Posting Codes.
- Click on Add.
- Code: Enter an alphanumerical code of your choice - maximum 6 characters.
- Description: Enter the name of the Posting Code, for example Invoice or Electronic Fund Transfer.
- Grouping: Select if the posting code is charge (CHARGE), commission due (COMDUE), commission payable (COMPAY), payment (PAY), discount (DISC), beginning balance (BALB) or balance brought forward (BALF).
- GL Information:
- GL Number: General Ledger Number if interfacing to Accounting System.
- GL Contra Number: General Ledger Contra Account Number for Accounting System.
- GL VAT Code: General Ledger VAT Code.
- Options: Select information needed when this posting is processed; will it need a reference, authorization, should the transaction be included in employee banking, can this posting code be used in foreign currency.
- Click on Create.
Please Note