Bonus Posting Group
It is required to set up a bonus posting group if you plan to use the accruals functionality.
To create a bonus posting group
- Choose the icon, enter Bonus Posting Group, and then choose the related link.
- Choose New to add a new record.
- Fill in the following fields:
- Code - Specifies the unique identifier of a bonus posting group.
- Description - Specifies a description of a bonus posting group.
- G/L Cost/Revenue Account No. - Specifies an income statement G/L account used for cost or revenue posting when the accruals functionality is enabled.
- G/L Accrual Account No. - Specifies a balance sheet G/L account used for posting the accrued amount when the accruals functionality is enabled.
- Accrual Charge (Item) - Specifies an item charge which can be used for accrual posting to adjust item ledger entries in order to provide the correct sales amount and margin for the sales transaction. The field is optional.