(Transfer – Financial Transfer Setup – Financial Transfer Defaults)
Use this screen to set various defaults for the financial transfer utilities.
Link:
Startup Guide - Financial Transfer Defaults
Screen Details
All Transfers
Output File Location
Use this setting to designate a destination folder for your output files. If you leave this blank, your output files will be saved by default to your ProgramFiles\DBAManufacturing folder.
AR Voucher Transfer
Overview
You will need to create a special Item ID in your outside accounting system to be used for the creation of your invoices as part of the AR Voucher Transfer routine. The invoices you create in your outside accounting system will book to a clearing account (AR Invoice Transfer - 11150) instead of a sales account. The clearing account will get balanced out with the GL Summary Transfer process. The net effect is that your clearing account is zeroed out and you are left with Accounts Receivable in your outside system, allowing you to follow up on your Accounts Receivable per your existing policies and procedures.
AR Invoice Line Item ID
In your accounting system, create an item as follows and enter its item ID (part number) in this field for inclusion in the AR Voucher Transfer screen.
Item Type (Non-Inventory)
The item must be designated as a non-inventory item.
Description (AR Voucher Transfer)
Give the item a description of AR Invoice Transfer.
Sales Account (AR Voucher Transfers)
Assign the item to your AR Voucher Transfers account.
NOTE: If you are required to designate a COGS account, use your AR Voucher Transfers account as well.
Tax (Non-Taxable)
Designate this item as non-taxable or assign it to a non-taxable tax code so that tax does not get calculated when the AR invoice is created. Tax is already processed in the DBA invoice and is not to be itemized in the AR invoice.
