The Other GL Accounts section is available to distribute monies being paid out against general ledger accounts other than those available through more specific check sections (Insured AR, Broker AR, Employee Draw, etc.). Click New (or Edit) and enter the following information. When finished, click Add (or Update). The updated information appears in the associated grid. To add multiple entries, repeat this procedure.
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GL # |
Select the GL # to which you wish to record the check. |
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Amount |
Enter the Amount to post to this general ledger account. This amount is generally a debit (positive) amount but can be a credit. |
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Description |
Enter a Description for the transaction. A default description pulls to the field but can be changed to reflect information specific to the check being issued. |
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Business Unit |
Assign the appropriate Business Unit combination to the voucher transaction line. |
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1099 |
If this is a 1099 expense reimbursement, select the appropriate 1099 Category and Type. Questions as to whether this is a qualified 1099 expense should be directed to your agency accountant. Broker, Employee, and Vendor If the Broker, Employee, or Vendor is setup with a 1099 default, this information automatically pulls to the 1099 Category, and Type information. If necessary, this can be changed. If this is not a 1099 transaction, delete the Category and Type. |
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GL # Required Fields |
The GL # Required Fields drop-down lists are subledger entities (customer, broker, insurance company, brokerage company, etc.). Depending upon the GL # selected, the account may require a subledger entity be chosen. If the account is subledgered, its subledger entity becomes active when the account is selected. |