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FAQs > Accounting Tips > General Ledger Entries Tips and Tricks

General Ledger Entries Tips and Tricks

General Ledger entries in netFORUM are made from the following types of netFORUM accounting transactions.

Preconditions that must be met first:

Invoice Creation

DR: A/R from charge code

CR: Revenue from charge code

Create Invoice/Payment

For Invoice:

  1. Invoice entries refer to invoice creation

For Payment portion:

Create Invoice/Payment Using Available Credits

For Invoice:

  1. Non-split price entries refer to invoice creation

For Payment portion:

Cancel Unpaid Invoice

Reference: Cancelling an Invoice

For Invoice:

  1. Invoice entries refer to invoice creation

Cancellation accounts:

Cancel Invoice/Payment with Full Credits for a Fully Paid Invoice

For Invoice:

  1. Invoice entries refer to invoice creation

For Payment portion:

For Credit portion:

Cancel Invoice/Payment with Full Credits for a Partially Paid Invoice

For Invoice:

  1. Invoice entries refer to invoice creation

For Payment portion:

For Cancel Payment:

For Cancel Credit portion:

Create Invoice/Payment with Taxes

Reference: Setting up Tax Information

For Invoice:

  1. Invoice entries refer to invoice creation

For Payment portion:

For Taxes:

Create Invoice/Payments with Discounts

Reference: Setting Up Discount Codes or Coupons

For Invoice:

  1. Invoice entries refer to invoice creation

For Payment portion:

For Discount:

Create Invoice/Payment with OverPayment Credits

For Invoice:

  1. Invoice entries refer to invoice creation

For Payment portion:

For Overpayment portion:

Refund a Credit

Reference: Processing a Refund for a Credit Card Payment

Write Off a Partially Paid Invoice

Reference: Writing Off an Invoice Balance

For Invoice:

  1. Invoice refers to invoice creation

For Payment portion:

For Write Off portion: