Use Job Posting Entry to post to General Ledger for direct cost, billing, and cash receipt transactions. You can specify whether to generate general ledger postings for any of the three types of transactions by selecting the appropriate check boxes in the Job Cost Options window. Clear the Post to G/L for Work in Process, Post to G/L for Direct Cost Transactions, and Post to G/L for Billing & Cash Receipt Transactions check boxes to use Job Cost on a stand-alone basis without integrating with the General Ledger module.
Billing Postings
You can specify the debit general ledger account to be used to offset the billing transactions. Typically, this account is Cash or Accounts Receivable. For each billing transaction, the appropriate revenue account is credited.
Cash Receipts Postings
You can specify the Debit general ledger account (Cash account) to be used. For each cash receipt transaction, you can enter the account to be credited (Accounts Receivable).
Direct Cost Postings
You can specify the Credit general ledger account to be used to offset the direct cost transactions. Typically, this account is Cash or Accounts Payable. For each direct cost transaction, the appropriate Work-in-Process or expense account is debited.
For more information, see:
Job Posting Entry
Job Cost Options
Show/Hide All