Payment accounting Company segment Vs Invoices Company Segment

Summary:

Payment accounting Company segment Vs Invoices Company Segment

Content (please ensure you mask any confidential information):

What setup/configuration is required to replicate the company segment from the invoice distribution to the company segment on the payment cash account.

example;

Invoice distribution Accounting Segment (Company-Department-Account-Intercompany)

Invoice amount - 100,000

Invoice Accounting

125-000-93321-000 = 30,000 DR - Expense

150-000-93321-000 = 60,000 DR

161-000-93321-000 = 10,000 DR

125-000-44221-000 = 30,000 CR - Liability

150-000-44221-000 = 60,000 CR

161-000-44221-000 = 10,000 CR

Payment Accounting - Currently

125-000-44221-000 = 30,000 DR - Liability

150-000-44221-000 = 60,000 DR

161-000-44221-000 = 10,000 DR

300-000-11104-000 = 100,000 Cr - Cash