Distribute Payment to Multiple GL Accounts
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
Thank you for your response Bao. Would I use a journal entry to record that directly?
To follow up on the use case, this would be an online order that a client would pay for right away, do I need to use Billing in this case or is there a better way?
The reason why I ask, is that the Billing creates an AR entry first, which I don't really need.
Thank you for your help!
Please sign in to leave a comment.