Example
The travel department purchases all airline tickets via a central credit card and pays the card bill via a clearing account. Then the expenses are distributed to the proper accounts after the fact.
Enter the account number, object code, and total amount to be transferred from the clearing account in the From section. Enter the account numbers, object codes, and amounts for the expense being transferred in the To section.
Departmental accounts are then charged for the airfare expenses and the credit card clearing account is reconciled. Fiscal officers approve charges on their accounts. The pending entries include the offset generation to the cash object code for each account.
General Error
Correction