What is the best practice to distribute a single payment to multiple GL accounts, sequentially and in one transaction?
Use Case: A payment is received from a customer and must be first recorded as a
Debit - Cash Control
Credit – Unapplied Cash
Immediately following the above transaction, the same payment, must be recorded as
Debit – Unapplied Cash
Credit – Unearned Revenue
Please sign in to leave a comment.