Debit or credit posting: Difference amounts are posted as debits or credits, depending on if it’s a positive or negative difference amount.

4. IFS/Payment

4.1 IFS Payment (AP/AR) - Existing Posting Types

Posting Type	Description	Requires Ledger Account	Requires Tax Account
PP1	Cash Transaction	No	No
PP2	Cash Discount Received	No	No
PP3	Cash Discount Disbursed	No	No
PP4	Payment Fee	No	No
PP5	Tax Reduction, Received	No	No
PP6	Tax Reduction, Disbursed	No	No
PP7	Supplier Debts, Pre-payment	Yes	No
PP8	Customer Claims, Pre-payment	Yes	No
PP9	Parked Payment Disbursed	Yes	No
PP10	Parked Payment Received	Yes	No
PP11	Additional Payment	No	No
PP12	Currency Loss	No	No
PP13	Currency Gain	No	No
PP15	Bad Debt Transfer	No	No
PP16	Write-off, Supplier Debts	No	No
PP17	Write-off, Customer Claims	No	No
PP18	Tax Received, Paid	No	No
PP19	Tax Disbursed, Paid	No	No
PP20	Interest Revenue	No	No
PP21	Open Supplier Check	Yes	No
PP22	Inter-company Due To	No	No
PP23	Inter-company Due From	No	No
PP24	Customer Bill of Exchange, Interim Cash	Yes	No
PP25	Customer Bill of Exchange, cashed in advance	Yes	No
PP26	Open Supplier Bill of Exchange	Yes	No
PP27	Open Customer Bill of Exchange	Yes	No
PP28	Open Customer Check	Yes	No
PP29	Unmatched Supplier Bill of Exchange	Yes	No
PP30	Unmatched Supplier Check	Yes	No
PP31	Unmatched Customer Bill of Exchange	Yes	No
PP32	Unmatched Customer Check	Yes	No
PP33	Tax Reduction Received, Write off	No	No
PP34	Tax Reduction Disbursed, Write off	No	No
PP35	Clearing Account Customer Checks	Yes	No
PP36	Customer Payment in Advance	Yes	No
PP37	Supplier Payment in Advance	Yes	No
PP38	Disbursed Tax, Payment in Advance.	No	Yes
PP39	Received Tax, Payment in Advance	No	Yes
PP40	Contra Acc. Output Tax, Adv Paym.	No	No
PP41	Contra Acc Input Tax, Adv Paym.	No	No
PP42	Deduction Rule	No	No
PP43	Tax Reduction, Disbursed, Deduction	No	No
PP44	Tax Received, Direct Cash	No	Yes
PP45	Tax Disbursed, Direct Cash	No	Yes
PP46	Calculated Tax Received, Direct Cash	No	Yes
PP47	Calculated Tax Disbursed, Direct Cash	No	Yes
PP48	Tax Withheld, Received, Invoice	No	Yes
PP49	Tax Withheld, Received, Paid	No	Yes
PP50	Open Customer BoE Cashed In Advance	Yes	No
PP51	Tax Received, Bank Fee	No	Yes
PP52	Open Customer Payment Receipt	Yes	No
PP53	Unmatched Customer Payment Receipt	Yes	No
PP54	Bank Fee Japan	Yes	No
PP55	Bank Fee Tax Japan	Yes	No
PP56	Unpaid Bank Fee Japan	Yes	No
PP57	Unpaid Tax Japan	Yes	No
PP58	Stamp Duty	No	No
PP59	Stamp	No	No
PP60	Tax Adjustment	No	No
PP61	Tax Currency Loss	No	No
PP62	Tax Currency Gain	No	No
PP63	Tax Withheld, Disbursed, Paid	No	Yes
PP64	Endorsed Customer BoE	No	No
PP65	Customer BoE Early Settlement, Discounted Fee	No	No
PP69	Customer Fine Revenue	No	No
PP70	Supplier Interest Cost	No	No
PP71	Supplier Fine Cost	No	No
PP72	Tax on Charges	Yes	Yes
PP73	Bad Debt Provision	Yes	No
PP74	Bad Debt Provision, Cost Accounting	No	No
PP75	Bad Debt Provision, Revenue Accounting	No	No
PP76	Open Customer Repayment Check	Yes	No
PP77	Cash Transfer Interim Posting	No	No
PP78	Tax Withheld, Disbursed, Invoice	No	Yes

4.2 IFS/Payment -  Available Control Types

Control Type	Description	Data Controlled by
AC1	Fixed Value	IFS Accounting Rules
AC2	Pre-posting (not available for code part A)	IFS Accounting Rules
AC4	Country Code	IFS Accounting Rules
AC5	User Group	IFS Accounting Rules
AC6	Account Group	IFS Accounting Rules
AC7	Tax Code	IFS Accounting Rules
AC8	Company	IFS Accounting Rules
IC1	Supplier Group	IFS Invoice
IC2	Customer Group	IFS Invoice
IC4	Terms of Payment	IFS Invoice
IC7	Supplier Income Type	IFS Invoice
IC8	Report Code, Tax Withholding	IFS Invoice
PC2	Cash Account	IFS Payment
PC3	Bad Debt Level	IFS Payment
PC4	Write-off Code	IFS Payment
PC5	Deduction Rule	IFS Payment
PC6	Bill Type	IFS Payment
PC7	Cash Account per Company for Incoming Cash Transfer	IFS Payment

4.3  IFS/Payment - Allowed Combinations of Posting Types and Control Types

PT

Description

AC1

AC2

AC4

AC5

AC6

AC7

AC8

AC9

IC1

IC2

IC4

IC7

IC8

PC2

PC3

PC4

PC5

PC6

PC7

PP1

Cash Transaction

X

X

X

X

PP2

Cash Discount Received

X

X

X

X

X

X

PP3

Cash Discount Disbursed

X

X

X

X

X

X

PP4

Payment Fee

X

X

X

PP5

Tax Reduction, Received

X

X

X

X

X

X

X

PP6

Tax Reduction, Disbursed

X

X

X

X

X

X

X

PP7

Supplier Debts, Pre-payment

X

X

X

X

X

X

PP8

Customer Claims, Pre-payment

X

X

X

X

X

X

PP9

Parked Payment Disbursed

X

X

X

PP10

Parked Payment Received

X

X

X

PP11

Additional Payment

X

X

X

PP12

Currency Loss

X

X

X

X

PP13

Currency Gain

X

X

X

X

PP15

Bad Debt Transfer

X

X

X

X

X

X

X

PP16

Write-off, Supplier Debts

X

X

X

X

X

PP17

Write-off, Customer Claims

X

X

X

X

X

PP18

Tax Received, Paid

X

X

X

X

X

X

X

PP19

Tax Disbursed, Paid

X

X

X

X

X

X

X

PP20

Interest Revenue

X

X

X

X

PP21

Open Supplier Check

X

X

X

X

X

PP22

Intercompany due to

X

X

PP23

Intercompany due from

X

X

PP24

Customer BoE interim cash

X

X

X

PP25

Customer BoE cashed in advance

X

X

X

PP26

Open Supplier BoE

X

X

X

X

X

X

PP27

Open Customer BoE

X

X

X

X

X

PP28

Open Customer Check

X

X

X

X

PP29

Unmatched Supplier BoE

X

X

X

X

X

PP30

Unmatched Supplier Check

X

X

X

X

X

PP31

Unmatched Customer BoE

X

X

X

X

X

PP32

Unmatched Customer Check

X

X

X

X

X

PP33

Tax Reduction Received, Write off

X

X

X

X

X

PP34

Tax Reduction Disbursed, Write off

X

X

X

X

X

PP35

Clearing Account Customer Checks

X

X

X

PP36

Customer Claims, Payment in Advance

X

X

X

X

X

X

PP37

Supplier Debts, Payment in Advance

X

X

X

X

X

X

PP38

Disbursed Tax, Payment in Advance

X

X

X

X

X

X

PP39

Disbursed Tax, Payment in Advance

X

X

X

X

X

X

PP40

Contra Acc. Output Tax, Adv Paym.

X

X

X

X

X

PP41

Contra Acc Input Tax, Adv Paym.

X

X

X

X

X

PP42

Deduction Rule

X

X

X

X

X

PP43

Tax Reduction, Disbursed, Deduction

X

X

X

X

X

PP44

Tax Received, Direct Cash

X

X

PP45

Tax Disbursed, Direct Cash

X

X

PP46

Calculated Tax Received, Direct Cash

X

X

PP47

Calculated Tax Disbursed, Direct Cash

X

X

PP48

Tax Withheld, Received, Invoice

X

X

X

X

X

PP49

Tax Withheld, Received, Paid

X

X

X

X

X

PP50

Open Customer BoE Cashed In Advance

X

X

X

X

PP51

Tax Received, Bank Fee

X

X

X

PP52

Open Customer Payment Receipt

X

X

X

X

PP53

Unmatched Customer Payment Receipt

X

X

X

X

PP53

Unmatched Customer Payment Receipt

X

X

X

X

PP54

Bank Fee Japan

X

X

X

PP55

Bank Fee Tax Japan

X

X

X

PP56

Unpaid Bank Fee Japan

X

X

X

PP57

Unpaid Tax Japan

X

X

X

PP58

Stamp Duty

X

X

X

PP59

Stamp

X

X

X

PP60

Tax Adjustment

X

X

X

X

X

PP61

Tax Currency Loss

X

X

X

X

PP62

Tax Currency Gain

X

X

X

X

PP63

Tax Withheld, Disbursed, Paid

X

X

X

X

PP64

Endorsed Customer BoE

X

X

X

X

PP65

Customer BoE Early Settlement, Discounted Fee

X

X

X

PP69

Customer Fine Revenue

X

X

X

X

X

X

PP70

Supplier Interest Cost

X

X

X

X

X

X

PP71

Supplier Fine Cost

X

X

X

X

X

X

PP72

Tax on Charges

X

X

X

X

X

X

X

X

PP73

Bad Debt Provision

X

X

X

X

X

X

PP74

Bad Debt Provision, Cost Accounting

X

X

X

X

X

X

PP75

Bad Debt Provision, Revenue Accounting

X

X

X

X

X

X

PP76

Open Customer Repayment Check

X

X

X

X

PP77

Cash Transfer Interim Posting

X

X

X

PP78

Tax Withheld, Disbursed, Invoice

X

X

X

X

Note: The control type AC2, Pre-posting, is not available for Code part A.

4.4  IFS/Payment - Connections between Posting Types and System Events

PP1 Description of use: Customer Payment and Supplier Payment and Acknowledge Customer Payment Orders, create payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Customer BoE Transfer Proposal, Create BOE Transfer File and Customer Check, cash check and Check Cashing Proposals, Print Check Cashing Report and Supplier Check,Cash Check and Mixed Payment. This posting type is thus used for both customer and supplier cash transactions as well as for direct cash transactions. This posting type is used in order to allocate the right cash account to payment transactions. When currency revaluation is to be performed, to ensure an accurate revaluation, it is recommended not to connect cash accounts of different currencies to a single GL account.

When control type AC2 (Pre-posting) is used for one or several code parts, these code part values are retrieved from the ledger postings or direct cash transactions included in the payment transaction. The cash transactions and cash transaction postings are split according to these postings if necessary.
Note: Pre-posting with project activities is not supported for PP1. If pre-posting for PP1 is set up for the project code part, the cash account must be excluded from project follow-up (check box in account).

Debit or credit posting: When it is a customer payment it will be a debit posting, and credit for suppliers.

PP2 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Bill of Exchange and Supplier Check and Supplier Bills of Exchange and Mixed Payment. This posting type allocates the correct account for any settlement discounts that are received when paying the supplier.

Debit or credit posting: Since it reduces the amount to pay, it will be a credit posting.

PP3 Description of use: Customer Payment and Acknowledge Customer Payment Orders, create payment and Customer Check and Customer Bills of Exchange and Mixed Payment. This posting type allocates the correct account for any discount given to the customer, when receiving a customer payment.  This posts payment term discounts.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP4 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment, Customer Payment and Acknowledge Customer Payment Orders, create payment and Mixed Payment. When some kind of additional fee was charged for the payment, either from the bank or any other payment institution, it will be posted to the correct account according to this posting type.

Debit or credit posting: It will be posted as a cost on the debit side, no matter if it is a customer or supplier payment.

PP5 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Supplier Check and Mixed Payment. In all these cases it is possible to receive a discount. In some countries, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the debit side for supplier invoices, it will be reduced as a credit posting.

PP6 Description of use: Customer Payment and Acknowledge Customer Payment Orders, create payment and Mixed Payment. When the customer is given discount and the tax is supposed to be reduced accordingly, this posting type will ensure the correct account is posted to.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP7 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment and Mixed Payment. When paying the supplier unspecified items or just making a payment in advance, that payment on account will be posted according to this posting type.

Debit or credit posting: The supplier has received an amount that we can offset against future invoices. These payments are posted as debits.

PP8 Description of use: Customer Payment and Acknowledge Customer Payment Orders, create payment and Mixed Payment. When the customer pays unspecified items or just makes a payment in advance, that payment on account will be posted according to this posting type.

Debit or credit posting: The customer has sent us an amount that can be offset against future invoices. These payments are posted as credits.

PP9 Description of use: Supplier Payment and Mixed Payment. When making a partial rollback of a payment, the amount can be used for offset against another invoice. Until then, the amount will be posted according to this posting type. It can also occur when paying an unspecified supplier and an unspecified invoice. It is similar to a payment on account, in that it is added to the payment proposal or to the manual payment.

Debit or credit posting: Normally a debit posting.

PP10 Description of use: Customer Payment and Mixed Payment. When making a partial rollback of a payment, the open amount can be used for offset against another invoice. Until then, the amount will be posted according to this posting type. It can also occur when receiving an unspecified payment, i.e. when both the customer and the invoice ID is unknown, this posting type will post it to the correct account.

Debit or credit posting: Normally a credit posting.

PP11 Description of use: Customer Payment. If the payment amount is not fully used after having ticked off all customer payments, the remaining amount is posted according to this posting type.

Debit or credit posting: It depends on the sign (+/-) of the remaining amount.

PP12 Description of use: Customer Payment and Supplier Payment and Acknowledge Customer Payment Orders, create payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Mixed Payment. When the currency exchange rate for the payment is different to the rate at the time of the invoice entry, such that the net result is a realized currency loss, this posting type will define the correct account.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: Customer Payment and Supplier Payment and Acknowledge Customer Payment Orders, create payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Mixed Payment. When the currency exchange rate for the payment is different to the rate at the time of the invoice entry, such that the net result is a realized currency gain, this posting type will define the correct account.

Debit or credit posting: The gain is posted on the credit side.

PP15 Description of use: Bad Debt Management,Transfer to Bad Debt. This posting type is used to replace the ledger posting (IP2) when an invoice is transferred to bad debt.

Debit or credit posting: A debit posting is created.

PP16 Description of use: Supplier Check and Supplier Bills of Exchange and Mixed Payment.  This posting offsets part of the accounts payable that will not be paid and is written off.

Debit or credit posting:  Credit posting when reducing accounts payable during the write-off.

PP17 Description of use: Customer Payment and Customer Check and Customer Bills of Exchange and Mixed Payment.  This posting off-sets part of the accounts receivable that will not be paid and is written off.

Debit or credit posting:  Debit posting during customer receipt.

PP18 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Supplier Check, Supplier Bills of Exchange and Mixed Payment. When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing preliminary or direct supplier invoice entry. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal supplier invoices will result in a debit posting.

PP19 Description of use: Customer Payment and Acknowledge Customer Payment Orders, create payment, Customer Check and Customer Bills of Exchange and Mixed Payment. When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the original invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal customer invoices will result in a credit posting.

PP20 Description of use: Reminder and Interest, Print Interest Invoices. When printing the interest invoice, the customers ledger account will be affected and this posting type allocates the interest revenue to the proper account.

Debit or credit posting: The revenue is posted as a credit.

PP21 Description of use: Supplier Payment Orders, create Check payment and Supplier Check. When printing (in the automatic process) or entering the check, all postings are made automatically. It is still possible to not affect the primary cash account, by using a transit account instead. This transit account will be reversed when the check is cashed using the function Cash Check. Then the cash account will be used.

Debit or credit posting: This account will have as many debit postings as credits. When printing or entering the check, the account is credited. When cashing the check, the account is debited in order to balance the credit of the cash account.

PP22 Description of use: Customer Payment and Customer Check and Customer Bills of Exchange and Supplier Payment and Supplier Check and Supplier Bills of Exchange and Mixed Payment. For a customer payment, this posting will be created in the company receiving the payment as an inter company accounts payable due to the affiliated company whose customer invoice was cleared in the payment. For a supplier payment, this posting will be created in the affiliated company, not in the company processing the supplier payment. When the supplier payment is created, the affiliated company incurs a debt to the company paying the invoice.  This is the inter-company accounts payable that is created. For a direct cash payment using a mixed payment, this posting will be created in the company processing the payment as an inter-company accounts payable due to the affiliated company if, the manual posting creates revenues or liabilities in the affiliated company. For a direct cash payment which creates with the manual posting costs or claims in the affiliated company, the inter company accounts payable is created in the affiliated company.

Debit or credit posting: Credit posting when the debt is incurred by the creation of the multi company payment.

PP23 Description of use: Customer Payment and Customer Check and Customer Bills of Exchange and Supplier Payment and Supplier Check and Supplier Bills of Exchange and Mixed Payment. For a customer payment, this posting will be created in the affiliated company, not in the company processing the customer payment.  When the customer payment is created, the affiliated company will have a claim from the company paying the invoice. This is the inter company accounts receivable that is created. For a supplier payment, this posting will be created in the company making the payment as an inter company accounts receivable due from the affiliated company whose invoice was cleared by the payment. For a direct cash payment using a mixed payment, this posting will be created in the affiliated company as an inter-company accounts receivable if, the manual posting creates revenues or liabilities in the affiliated company. For a direct cash payment created with the manual posting cost or claims in the affiliated company, the inter-company accounts receivable posting is created in the company, making the payment.

Debit or credit posting: Debit posting when the inter-company receivable is incurred by the creation of the multi-company payment.

PP24 Description of use: Customer BoE Transfer Proposal, Create BOE Transfer File . When creating the transfer file, all postings are made automatically. It is still possible to not affect the primary cash account, by using a transit account instead. This transit account will be reversed when the bills are cashed in the mixed payment. Then the cash account will be used.

Debit or credit posting: This account will have as many debit postings as credits. When creating the BoE transfer file, the account is debited. When cashing the bills, the account is credited in order to balance the debiting of the cash account.

PP25 Description of use: Customer BoE Transfer Proposal, Create BOE Transfer File. When creating the transfer file, all postings are made automatically. If Separate flow when cashing before due date is specified, instead of settling the bill when the transfer file is created, this Customer BoE, cashed in advance account is used. When the bill later is settled/cashed, this account is reversed.

Debit or credit posting: This account will have as many debit postings as credits. When creating the BoE transfer file, the account is credited. When cashing/settling the bill, the account is debited.

PP26 Description of use: Supplier Payment Orders, create Bill of Exchange and Supplier Bills of Exchange. When the supplier Bill of Exchange is created or entered and saved, all matched invoices are closed and the new, open Bill is posted to this account which will represent a new, open ledger item instead of the invoices. When the bill is reported as cashed, this account is reversed.

Debit or credit posting: This account will have as many debit postings as credits. When entering the bill, the account is credited. When cashing the bill, the account is debited.

PP27 Description of use: Customer Bills of Exchange. When the customer Bill of Exchange is entered and saved, all matched invoices are closed and the new, open bill is posted to this account which will represent a new, open ledger item instead of the invoices. When the bill is reported as cashed, this account is reversed.

Debit or credit posting: This account will have as many debit postings as credits. When entering the bill, the account is debited. When cashing the bill, the account is credited.

PP28 Description of use: Customer Check and Mixed Payment, Customer Payment by Check. When a customer check payment is entered and saved, the check amount is posted as a debit to this account. When the check is cashed or cancelled, this account is reversed.

Debit or credit posting: This account will have as many debit postings as credits. When entering the check, the account is debited. When cashing or canceling the check, the account is credited.

PP29 Description of use: Supplier Bills of Exchange. When a supplier Bill of Exchange is entered and saved, the remaining, not matched amount is stored as a payment on account which is posted to this account.

Debit or credit posting: When entering the bill, the account is debited. When off-setting the payment on account, the account is credited.

PP30 Description of use:  Supplier Check. When a supplier check is created (entered), but not matched, the remaining, unmatched amount is stored as a payment on account which is posted to this account.

Debit or credit posting: When entering the check, the account is debited. When off-setting the payment on account, the account is credited.

PP31 Description of use: Customer Bills of Exchange. When a customer Bill of Exchange is entered and saved, the remaining, not matched amount is stored as a payment on account which is posted to this account.

Debit or credit posting: When entering the bill, the account is credited. When off-setting the payment on account, the account is debited.

PP32 Description of use: Customer Check and Mixed Payment, Customer Payment by Check. When a customer check is entered and saved, the remaining, unmatched amount is stored as a payment on account which is posted to this account.

Debit or credit posting: When entering the check, the account is credited. When matching the check payment on account, the account is debited.

PP33 Description of use: Customer Check and Supplier Bills of Exchange and Mixed Payment. When, in a supplier payment, a supplier debt is written off, the write-off amount is separately posted. In some countries, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the debit side for supplier invoices, it will be reduced as a credit posting.

PP34 Description of use: Customer Payment and Customer Check and Customer Bills of Exchange and Mixed Payment. When, in a customer payment, a customer claim is written off, the write-off amount is separately posted. In some countries, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the credit side for customer invoices, it will be reduced to a debit posting.

PP35 Description of use: Check Cashing Proposals, Print Check Cashing Report.This posting type is only used when a customer check cashing proposal is created and the customer check document series is set up with an interim (clearing) account.

Debit or credit posting: When the customer check cashing proposal is printed, this account is debited. When the included checks are cashed, this account is reversed and the cash account is debited.

PP36 Description of use: Acknowledge Customer Payment Orders, create payment and Mixed Payment, Customer Payment.. When a customer payment is received in advance, the payment will not be matched against an invoice but will be stored as a payment in advance, which will be posted to this account. At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting:  When the payment in advance is received, this account is credited.  When the payment in advance is matched to an invoice, the posting to this account is reversed.

PP37 Description of use: Acknowledge Supplier Payment Orders create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Mixed Payment, Supplier Payment. When a supplier payment in advance is created, the payment will not be matched against an invoice but will be  stored as a payment in advance, which will be posted to this account. At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting: When the payment in advance is received, this account is debited.  When the payment in advance is matched to an invoice, the posting to this account is reversed.

PP38 Description of use: Acknowledge Customer Payment Orders, create payment and Mixed Payment, Customer Payment. In some countries, when a customer payment is received in advance, i.e., for matching with future invoices, tax has to be reported for the advance payment. The tax will be posted to this account and to the account according to PP40.

Debit or credit posting: When the payment in advance is received, this account is credited.  When the payment in advance is matched to an invoice, the posting to this account is reversed.

PP39 Description of use: Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange. In some countries, when a payment in advance is made to a supplier, i.e., for matching with future invoices, tax has to be reported for the advance payment. The tax will be posted to this account and to the account according to PP41.

Debit or credit posting: When the payment in advance is created, this account is debited.  When the payment in advance is matched to an invoice, the posting to this account is reversed.

PP40 Description of use: Acknowledge Customer Payment Orders, create payment and Mixed Payment, Customer Payment. In some countries, when a customer payment is received in advance, i.e., for matching with future invoices, tax has to be reported for the advance payment. This account will be used as a contra-account to the account according to PP38.

Debit or credit posting: When the payment in advance is received, this account is debited.  When the payment in advance is matched to an invoice, the posting to this account is reversed

PP41 Description of use: Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange. In some countries, when a payment in advance is made to a supplier, i.e., for matching with future invoices, tax has to be reported for the advance payment. This account will be used as a contra-account to the account according to PP39.

Debit or credit posting: When the payment in advance is created, this account is debited.  When the payment in advance is matched to an invoice, the posting to this account is reversed.

PP42 Description of use: Mixed Payment, Customer Payment. When deductions are made in a customer payment, the deduction amount is separately posted. This posting type allocates the correct account for any deduction made by the customer, when receiving a customer payment.

Debit or credit posting: Debit posting when the customer payment is created.

PP43 Description of use: Mixed Payment, Customer Payment. When deductions are made in a customer payment, the deduction amount is separately posted. In some countries, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the credit side for customer invoices, it will be reduced to a debit posting.

PP44 Description of use: Mixed Payment, Direct Cash Payment. When making a cash payment including tax, this account is used to post the tax. Cash Account is credited.

Debit or credit posting: Debit posting when the customer payment is created.

PP45 Description of use: Mixed Payment, Direct Cash Payment. When receiving a cash payment including tax, this account is used to post the tax. Cash Account is debited.

Debit or credit posting: Credit posting when the customer payment is created.

PP46 Description of use: Mixed Payment, Direct Cash Payment. This posting type is used only for outgoing cash payments, and only for calculation purposes, (See also PP47). It is used when making a cash payment where tax is not included in the payment, (e.g., when purchasing from within the EEC), but must be reported for tax declaration purposes. Tax is calculated and posted on the debit side to this account and on the credit side to an account according to PP47. The reason is thus only for reporting purposes.

Debit or credit posting: Credit posting when the supplier payment is created

PP47 Description of use: Mixed Payment, Direct Cash Payment. This posting type is used only for outgoing cash payments, and only for calculation purposes, (See also PP46). It is used when making a cash payment where tax is not included in the payment, (e.g. when purchasing from within the EEC), but must be reported for tax declaration purposes. Tax is calculated and posted on the credit side to this account and on the debit side to an account according to PP46. The reason is thus only for reporting purposes.

Debit or credit posting: Credit posting when the supplier payment is created.

PP48 Description of use: Manual Supplier Invoice. This posting type is used when performing a tax withholding payment transaction. This payment transaction is started automatically after the supplier debt is posted for a supplier invoice, after an AP invoice ledger item has been created.  Invoice lines with tax lines of tax code type Tax Withhold must exist for this posting type to be created. If the tax code (of type Tax Withhold)  has tax method Invoice Entry, the withheld tax is posted to its final account. If the tax code instead has tax method Payment, the withheld tax will be posted to a preliminary account at this stage. (Compare to IP3 functionality). Withheld tax is calculated and posted on the credit side to this account and on the debit side the supplier debt is reversed according to the postings when the supplier debt was originally posted for the same invoice.

Debit or credit posting: Credit posting when the supplier tax withholding payment is created.

PP49 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Supplier Check, Supplier Bills of Exchange  and Mixed Payment. When the tax method on the invoice line is set to Payment, then withheld tax will only be provisionally posted when posting a supplier invoice. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the withheld tax amount and post it on the credit side. (Compare to PP18 functionality).  

Debit or credit posting: Payment of normal supplier invoices will result in a credit posting.

PP54 Description of use: Acknowledge Supplier Payment Orders. This posting type is used for bank fees which the company owes; calculated in Japanese domestic payment format FB.

Debit or credit posting: Debit posting in Japanese payment format FB, as it is a cost when the company owes a fee.  

PP55 Description of use: Acknowledge Supplier Payment Orders. This posting type is used for tax on the bank fees which the company owes; calculated in Japanese domestic payment format FB.

Debit or credit posting: Debit posting in Japanese payment format FB, as it is a cost when the company owes a fee.  

PP56 Description of use: Acknowledge Supplier Payment Orders. This posting type is used for unpaid bank fees; calculated in Japanese payment format FB. The posting will be inclusive of tax if the parameter for the FB credit posting for fee and tax payment format has the value Single Line. 

Debit or credit posting: credit posting, as it is a liability

PP57 Description of use: Acknowledge Supplier Payment Orders. This posting type is used for unpaid bank fee tax; calculated in Japanese payment format FB. The posting type will not be triggered if the parameter for the FB credit posting for fee and tax payment format has the value Single Line.

Debit or credit posting: credit posting, as it is a liability

PP58 Description of use: Supplier Payment Orders, create Bill of Exchange and Supplier Bills of Exchange. When stamp duty is posted together with the bill of exchange postings, this posting type will be used to post the entry of the stamp duty.

Debit or credit posting: Payment of stamp duty will result in a debit posting.

PP59 Description of use: Supplier Payment Orders, create Bill of Exchange and Supplier Bills of Exchange. When stamp duty is posted together with the bill of exchange postings, this posting type will be used to post the entry of the stamp duty.

Debit or credit posting: credit posting. When stamp duty is paid, it decreases the Stamps asset.

PP60 Description of use: Customer Payment and Supplier Payment and Acknowledge Customer Payment Orders, create payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, Create Check payment and Supplier Payment Orders, create Bill of Exchange and Mixed Payment.  When the preliminary tax amount is changed at the time of payment, the tax difference will be posted to the account specified from this posting type. This is applicable only for tax codes with the Payment method, where the real tax transaction is created at the time of payment.

PP61 Description of use: Customer Payment ,Customer Offset and Supplier Payment, Supplier Offset, Netting, Acknowledge Customer Payment Orders, create payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Mixed Payment.  When the tax currency exchange rate is different to the invoice currency exchange rate at the time of payment, such that the net result is a realized currency loss, this posting type will define the correct account. This is applicable for tax codes with the Payment method, where the real tax transaction is created at the time of payment.

Debit or credit posting: The loss is posted on the debit side.

PP62 Description of use: Customer Payment, Customer Offset and Supplier Payment, Supplier Offset and Acknowledge Customer Payment Orders, create payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Mixed Payment.  When the tax currency exchange rate is different to the invoice currency exchange rate at the time of the invoice entry, such that the net result is a realized currency gain, this posting type will define the correct account. This is applicable for tax codes with the Payment method, where the real tax transaction is created at the time of payment.

Debit or credit posting: The gain is posted on the credit side.

PP63 Description of use: Customer Payment and customer Acknowledge Customer Payment Orders, create payment and Customer Offset and Customer BoE Transfer Proposals, Create BoE Transfer file and Customer Check, Cash Check and Check Cashing Proposals, Print Check Cashing Report and Mixed Payment and Netting. This posting type is used to allocate the tax withholding amount reduced from the payment amount of an invoice.

Debit or credit posting: The withheld tax amount creates a debit posting.

PP64 Description of use: Customer Payment Proposals, Customer Bills of Exchange. When the customer bill of exchange is endorsed, the endorsed amount will be posted using this posting type.

Debit or credit posting: Endorsements are posted on the credit side.

PP65 Description of use: Customer Payment Proposals, Customer Bills of Exchange. When the customer bill of exchange is cashed before the due date, any discounting fee applicable will be posted using this posting type.

Debit or credit posting: Discount fees are posted on the debit side.

PP69 Description of use: Customer Payment and Acknowledge Customer Payment Orders, create payment and Customer BoE Transfer Proposals, Create BoE Transfer file and Customer Check, Cash Check and Check Cashing Proposals, Print Check Cashing Report and Mixed Payment. The posting type is used to allocate the fine amount applicable to customer payments when payments are made after the due date for payment has passed.

Debit or credit posting: Customer fine revenue is posted as a credit posting.

PP70 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Supplier Check, Cash Check and Mixed Payment. The posting type is used to allocate the interest cost applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier interest cost is posted as a debit posting.

PP71 Description of use: Supplier Payment and Acknowledge Supplier Payment Orders, create payment and Supplier Payment Orders, create Check payment and Supplier Payment Orders, create Bill of Exchange and Supplier Check, Cash Check and Mixed Payment. The posting type is used to allocate the fine cost applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier fine cost is posted as a debit posting.

PP72 Description of Use: This posting type is used to set the proper account to post the tax amount charged on write-offs and deductions. This will be used only when the write offs/deductions are taxable.

Debit or credit posting: If the invoice/difference item is debit, the tax will be posted to the debit side. If the invoice/difference item is credit, the tax will be posted to the credit side.

PP73 Description of use: Bad Debt Management,Transfer to Bad Debt. This posting is used to create provisions for bad debts when invoices are transferred to bad debt. Also see PP74 below, which is the counter account. 

Debit or credit posting: As this represents Bad Debt Provision debt, a Credit posting is created.

PP74 Description of use: Bad Debt Management,Transfer from Bad Debt. This posting is used to create provisions for bad debts when invoices are transferred to bad debt. Also see PP73 above, which is the counter account.

Debit or credit posting: As this represents Bad Debt Provision cost, a Debit posting is created.

PP75 Description of use: Bad Debt Management,Transfer from Bad Debt. This posting type is used to dissolve provisions made for bad debts to a revenue account. When an invoice is transferred from bad debt, any provision amount created for that invoice is dissolved. This can be done either to a revenue account or a cost account. If revenue is selected, this posting type is used. If cost is selected, the existing PP74 posting is reversed..

Debit or credit posting: As this represents Bad Debt Provision revenue, a Credit posting is created.

PP76 Description of use: Customer Repayment Order, create Check Repayment and Customer Repayment Check. When printing in the automatic process, all postings are made automatically. It is still possible to not affect the primary cash account, by using a transit account instead. This transit account will be reversed when the check is cashed using the function Cash Check. Then the cash account will be used.

Debit or credit posting: This account will have as many debit postings as credits. When printing the check, the account is credited. When cashing the check, the account is debited in order to balance the credit of the cash account.

PP77 Description of use: Mixed Payment and Cash Box. This posting type is used to define the interim posting for a cash transfer counter account. 

Debit or credit posting: Debit posting if an outgoing cash transfer is entered for a Mixed Payment or a Cash Box cash account which is an incoming cash transfer for the counter cash account. Credit posting if an incoming cash transfer is entered for a Mixed Payment or a Cash Box cash account which is an outgoing cash transfer for the counter cash account.

PP78 Description of use: Customer (Order) Invoice. This posting type is used to create payment for the tax withholding amount when account receivable ledger item is created for customer. Invoice lines with tax codes of type Tax Withhold and tax method Invoice Entry must exist for this posting type to be created.

Debit or credit posting: Debit posting when the customer tax withholding payment is created.

 

4.5 IFS/Payment - Business Events

Customer - Manual Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP2) will be reversed, in order to balance the customer claim. Also earlier unmatched customer payments like Payments on Account (PP8), Payments in Advance (PP36), or Parked Payments (PP10) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions.

Debit or credit posting: When it is a customer payment it will be a debit posting.

PP3 Description of use: This posting type allocates the proper account for disbursed discount, when receiving a customer payment.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP4 Description of use: When some kind of fee was charged for the payment, either from the bank or any other payment institution, it will be posted to the correct account according to this posting type.

Debit or credit posting: It will be posted as a cost on the debit side.

PP6 Description of use: In the case when the customer is given early settlement discount and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP8 Description of use: When the customer pays unspecified items or just in advance, that payment on account will be posted according to this posting type.

Debit or credit posting: The customer has sent us an amount that can be offset against future invoices. These payments are posted as credits.

PP10 Description of use: When making a partial rollback of a payment, the open amount can be used for offset against another invoice or payment. Until then, the amount will be posted according to this posting type. It can also occur when receiving an unspecified payment, i.e., when both the customer and the invoice ID is unknown, this posting type will post it to the correct account.

Debit or credit posting: Normally a credit posting.

PP11 Description of use: If the payment amount is not fully used after having ticked off all customer payments, the remaining amount is posted according to this posting type.

Debit or credit posting: It depends on the sign (+/-) of the remaining amount. If it is a positive amount, it will be posted as a credit.

PP12 Description of use: This occurs when the currency exchange rate for the payment is different to the rate at the time of the invoice entry, such that the net result is a currency loss. This posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: This occurs when the currency exchange rate for the payment is changed compared with the rate at the time of the invoice entry so that the net result is a currency gain. This posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP15 Description of use: This posting type is used to replace the ledger posting (IP2) when an invoice is transferred to bad debt.

Debit or credit posting: A debit posting is created.

PP17 Description of use: This posting type allocates the proper account for write-off, when receiving a customer payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP19 Description of use: When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal customer invoices will result in a credit posting.

PP22 Description of use: When a customer payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the company receiving the payment for inter company accounts payable due to the affiliated company, whose customer invoice was cleared in the payment.

Debit or credit posting: This will be a credit posting.

PP23 Description of use: When a customer payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the affiliated company for inter company accounts receivable.

Debit or credit posting: This will be a debit posting.

PP34 Description of use: In the case when a customer claim, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP63 Description of use: This posting type is used to allocate the tax withholding amount reduced from the payment amount of an invoice.

Debit or credit posting: The withheld tax amount creates a debit posting.

PP69 Description of use: The posting type is used to allocate the fine amount applicable to payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Customer fine revenue is posted as a credit posting.

PP72 Description of use: This posting type is used to set the proper account to post the tax amount charged on write-offs and deductions. This will be used only when the write offs/deductions are taxable.

Debit or credit posting: If the invoice/difference item is debit, the tax will be posted to the debit side. If the invoice/difference item is credit, the tax will be posted to the credit side.

PP73 Description of use: This posting is used to create provisions for bad debts when invoices are transferred to bad debt. Also see PP74 below, which is the counter account. 

Debit or credit posting: As this represents Bad Debt Provision debt, a Credit posting is created.

PP74 Description of use: This posting is used to create provisions for bad debts when invoices are transferred to bad debt. Also see PP73 above, which is the counter account.

Debit or credit posting: As this represents Bad Debt Provision cost, a Debit posting is created.

PP75 Description of use: This posting type is used to dissolve provisions made for bad debts to a revenue account. When an invoice is transferred from bad debt, any provision amount created for that invoice is dissolved. This can be done either to a revenue account or a cost account. If revenue is selected, this posting type is used. If cost is selected, the existing PP74 posting is reversed.

Debit or credit posting: As this represents Bad Debt Provision revenue, a Credit posting is created.

Customer - Direct Debiting Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP2) will be reversed, in order to balance the customer claim. Also earlier unmatched customer payments like Payments on Account (PP8), Payments in Advance (PP36) or Parked Payments (PP10) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions.

Debit or credit posting: When it is a customer payment it will be a debit posting.

PP3 Description of use: This posting type allocates the proper account for disbursed discount, when receiving a customer payment.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP4 Description of use: When some kind of fee was charged for the payment, either from the bank or any other payment institution, it will be posted to the correct account according to this posting type.

Debit or credit posting: It will be posted as a cost on the debit side.

PP6 Description of use: In the case when the customer is given early settlement discount and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as a credit, this reduction must be made as a debit.

PP8 Description of use: When the customer pays unspecified items, that payment on account will be posted according to this posting type.

Debit or credit posting: The customer has sent us an amount that can be offset against future invoices. These payments are posted as credits.

PP12 Description of use: This occurs when the currency exchange rate for the payment is different to the rate at the time of the invoice entry, such that the net result is a currency loss. This posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: This occurs when the currency exchange rate for the payment is changed compared with the rate at the time of the invoice entry so that the net result is a currency gain. This posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP17 Description of use: This posting type allocates the proper account for write-off, when receiving a customer payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP19 Description of use: When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal customer invoices will result in a credit posting.

PP34 Description of use: In the case when a customer claim, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP36 Description of use: When the customer pays in advance, that payment in advance will be posted according to this posting type.

Debit or credit posting: The customer has sent us an amount that can be offset against future invoices. These payments are posted as credits.

PP38 Description of use: When the customer pays in advance, and tax has to be reported for advance payments, the tax will be posted according to this posting type.

Debit or credit posting: A normal customer payment in advance will result in a credit posting.

PP40 Description of use: When the customer pays in advance, and tax has to be reported for advance payments, this posting type is used for a contra-account for the tax posting (PP38).

Debit or credit posting: A normal customer payment in advance will result in a debit posting.

PP63 Description of use: This posting type is used to allocate the tax withholding amount reduced from the payment amount of an invoice.

Debit or credit posting: The withheld tax amount creates a debit posting.

PP69 Description of use: The posting type is used to allocate the fine amount applicable to payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Customer fine revenue is posted as a credit posting.

Customer - Bill of Exchange Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry IP2 will be reversed, in order to balance the customer claim. Also earlier unmatched customer payments like Payments on Account (PP8), Payments in Advance (PP36) or Parked Payments (PP10) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions, i.e., when the bill is cashed.

Debit or credit posting: When it is a customer payment it will be a debit posting.

PP3 Description of use: This posting type allocates the proper account for disbursed discount, when matching a customer Bill of Exchange with invoices.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP6 Description of use: In the case when the customer is given early settlement discount and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP10 Description of use: When making a partial rollback of a payment, the open amount can be used for offset against another invoice or payment. Until then, the amount will be posted according to this posting type. It can also occur when receiving an unspecified payment, i.e., when both the customer and the invoice ID is unknown, this posting type will post it to the correct account.

Debit or credit posting: Normally a credit posting.

PP12 Description of use: This occurs when the currency exchange rate when cashing the bill is different from the rate at the time of the invoice entry so that the net result is a currency loss. This posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: This occurs when the currency exchange rate when cashing the bill is different from the rate at the time of the invoice entry so that the net result is a currency gain. This posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP17 Description of use: This posting type allocates the proper account for write-off, when receiving a customer payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP19 Description of use: When the tax method on the invoice line is set to Payment, the tax will only be provisionally posted when the invoice entry is done. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal customer invoices will result in a credit posting.

PP22 Description of use: When a customer payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the company receiving the payment for inter company accounts payable due to the affiliated company, whose customer invoice was cleared in the payment.

Debit or credit posting: This will be a credit posting.

PP23 Description of use: When a customer payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the affiliated company for inter company accounts receivable.

Debit or credit posting: This will be a debit posting.

PP24 Description of use: When the customer Bill of Exchange is sent for cashing, this posting type allocates the proper account for the interim cash account  if an interim cash account is used.

Debit or credit posting: When the bill is sent for cashing, this account is debited and when the bill is cashed, the previous posting to this account is reversed.

PP25 Description of use: If Separate flow when cashing before due date is used (set per BoE series ID), this posting type allocates the proper account for the cashing in advance. When, later, the bill is settled, this account is reversed.

Debit or credit posting: When sent for cashing, this account is credited and when the bill is settled this account is debited.

PP27 Description of use: When a customer Bill of Exchange is entered this posting type allocates the proper account for the open bill.

Debit or credit posting: When the customer Bill of Exchange is entered, this account is debited and when the bill is cashed/settled the previous posting to this account is reversed.

PP31 Description of use: When a customer Bill of Exchange is entered and not fully matched with invoices, this posting type allocates the proper account for the payment on account created for the remaining, not matched amount.

Debit or credit posting: When the customer Bill of Exchange is entered and a payment on account is created, this account is credited and when the payment on account is matched with invoices the previous posting to this account is reversed.

PP34 Description of use: In the case when a customer claim, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP64 Description of use: When the customer bill of exchange is endorsed to settle the debts to the company suppliers, PP64 will be used to post the endorsed amount.

Debit or credit posting: When a discount fee is applied, it will a credit posting.

PP65 Description of use: When a customer bill of exchange is cashed the before the due date, any discounting fee applicable will be posted using this posting type.

Debit or credit posting: When a discount fee is applied, it will be a debit posting. 

PP63 Description of use: This posting type is used to allocate the tax withholding amount reduced from the payment amount of an invoice.

Debit or credit posting: The withheld tax amount creates a debit posting.

PP69 Description of use: The posting type is used to allocate the fine amount applicable to payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Customer fine revenue is posted as a credit posting.

PP72 Description of Use: This posting type is used to set the proper account to post the tax amount charged on write-offs and deductions. This will be used only when the write offs/deductions are taxable.

Debit or credit posting: If the invoice/difference item is debit, the tax will be posted to the debit side. If the invoice/difference item is credit, the tax will be posted to the credit side.

Customer - Check Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP2) will be reversed, in order to balance the customer claim. Also earlier unmatched customer payments like Payments on Account (PP8), Payments in Advance (PP36) or Parked Payments (PP10) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions, i.e., when the check is cashed.

Debit or credit posting: When it is a customer payment it will be a debit posting.

PP3 Description of use: This posting type allocates the proper account for disbursed discount, when matching a customer check with invoices.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP6 Description of use: In the case when the customer is given early settlement discount and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP10 Description of use: When making a partial rollback of a payment, the open amount can be used for offset against another invoice. Until then, the amount will be posted according to this posting type. It can also occur when receiving an unspecified payment, i.e., when both the customer and the invoice ID is unknown, this posting type will post it to the correct account.

Debit or credit posting: normally a credit posting.

PP12 Description of use: This occurs when the currency exchange rate when cashing the check is different from the rate at the time of the invoice entry so that the net result is a currency loss. This posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: This occurs when the currency exchange rate when cashing the check is different from the rate at the time of the invoice entry so that the net result is a currency gain. This posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP17 Description of use: All customer payment receipts where a write-off can be taken.  This posting offsets part of the accounts receivable that will not be paid and is written off.

Debit or credit posting:  Debit posting during customer receipt.

PP19 Description of use: When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal customer invoices will result in a credit posting.

PP22 Description of use: When a customer payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the company receiving the payment for inter company accounts payable due to the affiliated company, whose customer invoice was cleared in the payment.

Debit or credit posting: This will be a credit posting.

PP23 Description of use: When a customer payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the affiliated company for inter company accounts receivable.

Debit or credit posting: This will be a debit posting.

PP28 Description of use: When a customer check is entered this posting type allocates the proper account for the open check.

Debit or credit posting: When the customer check is entered, this account is debited and when the check is cashed or voided, the previous posting to this account is reversed.

PP32 Description of use: When a customer check is entered and not fully matched with invoices, this posting type allocates the proper account for the payment on account created for the remaining, unmatched amount.

Debit or credit posting: When the customer check is entered and a payment on account is created, this account is credited and when the payment on account is matched with invoices the previous posting to this account is reversed.

PP34 Description of use: In the case when a customer claim, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP35 Description of use: When a Customer Check Cashing Proposal is printed and the customer check is sent for cashing, this posting type allocates the proper account for the interim cash account if an interim cash account is used.

Debit or credit posting: When the Check Cashing Proposal is printed, this account is debited and when the check is cashed or cancelled, the previous posting to this account is reversed.

PP36 Description of use: When a customer payment is received in advance, the payment will not be matched against an invoice.  At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting:  Credit posting when entered during a customer receipt.  When matched to an invoice, the previous posting to this account is reversed.

PP38 Description of use: When the customer pays in advance, and tax has to be reported for advance payments, the tax will be posted according to this posting type.

Debit or credit posting: A normal customer payment in advance will, when entered, result in a credit posting. When matched to an invoice, the previous posting to this account is reversed.

PP40 Description of use: When the customer pays in advance, and tax has to be reported for advance payments, this posting type is used for a contra-account for the tax posting (PP38).

Debit or credit posting: A normal customer payment in advance will result in a debit posting. When matched to an invoice, the previous posting to this account is reversed.

PP42 Description of use: When deductions are made in a customer payment, the deduction amount is separately posted. This posting type allocates the correct account for any deduction made by the customer, when receiving a customer payment.

Debit or credit posting: Debit posting when the customer payment is created.

PP43 Description of use: When deductions are made in a customer payment, the deduction amount is separately posted. In some countries, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the credit side for customer invoices, it will be reduced as a debit posting.

PP63 Description of use: This posting type is used to allocate the tax withholding amount reduced from the payment amount of an invoice.

Debit or credit posting: The withheld tax amount creates a debit posting.

PP69 Description of use: The posting type is used to allocate the fine amount applicable to payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Customer fine revenue is posted as a credit posting.

PP72 Description of Use: This posting type is used to set the proper account to post the tax amount charged on write-offs and deductions. This will be used only when the write offs/deductions are taxable.

Debit or credit posting: If the invoice/difference item is debit, the tax will be posted to the debit side. If the invoice/difference item is credit, the tax will be posted to the credit side.

Customer - Repayment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings created at the time of the invoice entry will be reversed. In this instance, the same ledger account as was used in invoice entry (IP2) will be reversed in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the correct cash account to payment transactions.

Debit or credit posting: When it is a customer repayment it will be a credit posting.

Additional postings created when a customer repayment is made by check:

PP76 Description of use: A customer repayment check is automatically created and printed from a customer payment order. If the check series is set up to use an interim cash account, this posting type allocates the account for the open check. When the check is cashed or voided, the previous posting to this account will be reversed. When the check is printed and if the check series is not set up to use an interim cash account, the previous posting to this account will be reversed.

Debit or credit posting: When the customer repayment check is created and printed, this account is credited. When the check is cashed or voided this account is debited (reversed).

Refer Customer – Manual Payment and Customer – Direct Debiting for descriptions of postings related to the ledger item, such as discounts, payment on account etc.

Debit or credit posting: This concerns repayments, i.e. we send an amount to the customer. Amounts posted as credit amounts in a normal customer payment will therefore be posted as debit amounts.

Customer Offset

The offset functionality does not create any cash transactions and total amount involved must always balance.

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP2) will be reversed, in order to balance the customer claim. Also earlier unmatched customer payments like Payments on Account (PP8), Payments in Advance (PP36) or Parked Payments (PP10) used in a customer payment, will be reversed, in order to balance the customer claim. In customer offset, this also applies to the unmatched parts of Customer Checks (PP32) and Bills of Exchange (PP31). Please, note that no information concerning ledger account is thus fetched from posting control.

PP3 Description of use: This posting type allocates the proper account for disbursed discount, when receiving a customer payment.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP6 Description of use: In the case when the customer is given early settlement discount and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP8 Description of use: When the customer pays unspecified items or just in advance, that payment on account will be posted according to this posting type.

Debit or credit posting: The customer has sent us an amount that can be offset against future invoices. These payments are posted as credits.

PP10 Description of use: When making a partial rollback of a payment, the open amount can be used for offset against another invoice or payment. Until then, the amount will be posted according to this posting type. It can also occur when receiving an unspecified payment, i.e., when both the customer and the invoice ID is unknown, this posting type will post it to the correct account.

Debit or credit posting: normally a credit posting.

PP12 Description of use: This occurs when the currency exchange rate for the payment is different to the rate at the time of the invoice entry, such that the net result is a currency loss. This posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: This occurs when the currency exchange rate for the payment is changed compared with the rate at the time of the invoice entry so that the net result is a currency gain. This posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP17 Description of use: This posting type allocates the proper account for write-off, when receiving a customer payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP19 Description of use: When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal customer invoices will result in a credit posting.

PP34 Description of use: In the case when a customer claim, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP63 Description of use: This posting type is used to allocate the tax withholding amount reduced from the payment amount of an invoice.

Debit or credit posting: The withheld tax amount creates a debit posting.

PP72 Description of Use: This posting type is used to set the proper account to post the tax amount charged on write-offs and deductions. This will be used only when the write offs/deductions are taxable.

Debit or credit posting: If the invoice/difference item is debit, the tax will be posted to the debit side. If the invoice/difference item is credit, the tax will be posted to the credit side.

Netting

PP1 Description of use: This posting type is used for both customer and supplier cash transactions. This posting type is used in order to allocate the right cash account to payment transactions. Although no cash is involved in netting, one cash transaction is still created for the resulting customer payment and one for the resulting supplier payment. As the amount will be the same for both cash transactions, there will be no balance impact on the used cash account.

Debit or credit posting: A customer payment will be a debit posting and a supplier payment will be a credit posting.

See Customer – Manual Payment and Supplier – Manual Payment for other involved posting types.

Customer Rollback - Partial

PP10 Description of use: When making a partial rollback of a payment, the amount can be used for off-set against another invoice or payment. Until then, the amount will be posted according to this posting type.

Debit or credit posting: Normally a credit posting.

Reverse. Description of use: The customer ledger account used in the payment voucher will be reversed.

Customer Rollback - Complete

Reverse Description of use: The cash transaction involved in the original payment will be reversed, also the customer ledger account will be reversed and reused. A correction voucher is created. No information is fetched from the posting control!

Create and Post Interest Invoices

IP2 Description of use: When creating and posting an interest invoice, the customer ledger account will be affected automatically due to this posting type.

Debit or credit posting: Customer claims are normally posted as debits.

PP20 Description of use: When printing the interest invoice, the customers ledger account will be affected, and this posting type allocates the interest revenue to the proper account.

Debit or credit posting: The revenue is posted as a credit.

Supplier - Manual Payments

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP1) will be reversed, in order to balance the supplier debt. Also earlier unmatched supplier payments like Payments on Account (PP7), Payments in Advance (PP37) or Parked Payments (PP9) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions.

Debit or credit posting: When it is a supplier payment it will be a credit posting.

PP2 Description of use: This posting type allocates the proper account for any settlement discounts that are received when paying the supplier.

Debit or credit posting: Since it reduces the amount to pay, it will be a credit posting.

PP4 Description of use: When some kind of fee was charged for the payment, either from the bank or any other payment institution, it will be posted to the correct account according to this posting type.

Debit or credit posting: It will be posted as a cost on the debit side.

PP5 Description of use: In some countries, when receiving a discount, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the debit side for supplier invoices, it will be reduced as a credit posting.

PP7 Description of use: When paying the supplier unspecified items or just in advance, the payment on account will be posted according to this posting type.

Debit or credit posting: The supplier has received an amount that can be offset against future invoices. These payments are posted as debits.

PP12 Description of use: When the currency exchange rate of the payment is different to the rate at the time of the invoice entry such that the net result is a currency loss, this posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: When the currency exchange rate is different to the rate at the time of the invoice entry such that the net result is a currency gain, this posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP18 Description of use: When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the preliminary or direct invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Normal supplier invoices are debited.

PP22 Description of use: When a supplier payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the affiliated company for inter company accounts payable.

Debit or credit posting: This will be a credit posting.

PP23 Description of use: When a supplier payment, made in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the company making the payment for inter company accounts receivable due from the affiliated company, whose supplier invoice was cleared in the payment

Debit or credit posting: This will be a debit posting.

PP49 Description of use: When the tax method on the invoice line is set to Payment, then withheld tax will only be provisionally posted when posting a supplier invoice. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the withheld tax amount and post it on the credit side. (Compare to PP18 functionality).  

Debit or credit posting:  Payment of normal supplier invoices will result in a credit posting.

PP70 Description of use: The posting type is used to allocate the interest amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier interest cost is posted as a debit posting.

PP71 Description of use: The posting type is used to allocate the fine amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier fine cost is posted as a debit posting.

Supplier - Automatic Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP1) will be reversed, in order to balance the supplier debt. Also earlier unmatched supplier payments like Payments on Account (PP7), Payments in Advance (PP37) or Parked Payments (PP9) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions.

Debit or credit posting: Credit postings for supplier payments.

PP2 Description of use: This posting type helps allocate the proper account for any settlement discounts that are taken when paying the supplier.

Debit or credit posting: Since it reduces the amount to be paid, it will be a credit posting.

PP4 Description of use: When some kind of fee is charged for the payment, either from the bank or any other payment institution, it will be posted to the correct account according to this posting type.

Debit or credit posting: It will be posted as a cost on the debit side, no matter if it is a customer or supplier payment.

PP5 Description of use: In some countries, when receiving a discount, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the debit side for supplier invoices, it will be reduced to a credit posting.

PP7 Description of use: When paying the supplier unspecified items or just in advance, that payment on account will be posted according to this posting type.

Debit or credit posting: The supplier has received an amount that can be offset against future invoices. These payments are posted as debits.

PP9 Description of use: When paying an unspecified supplier and unspecified invoice, the amount will be posted according to this posting type. It is similar to payment on account, it is added to the payment proposal.

Debit or credit posting: Normally a debit posting.

PP12 Description of use: When the currency exchange rate for the payment is changed compared with the rate at the time of the invoice entry, the net result could be a currency loss. This posting type sets the proper account for that.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: When the currency exchange rate for the payment is changed compared with the rate at the time of the invoice entry, the net result could be a currency gain. This posting type sets the proper account for that.

Debit or credit posting: The gain is posted on the credit side.

PP18 Description of use: When the tax method on the invoice line is set to Payment,  tax will only be posted preliminary when doing the invoice entry. At the time for paying, the preliminary posting will be reversed and this posting type will allocate the proper account for tax.

Debit or credit posting: Payment of normal supplier invoices will result in a debit posting.

PP37 Description of use: When we send a  payment in advance to a supplier, the payment will not be matched against an invoice.  At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting:  Debit posting when the payment is created.  When matched to an invoice, the previous posting to this account is reversed.

PP39 Description of use: When creating a supplier payment in advance, and tax has to be reported for advance payments, the tax will be posted according to this posting type.

Debit or credit posting: A normal supplier payment in advance will, when entered, result in a debit posting. When matched to an invoice, the previous posting to this account is reversed.

PP41 Description of use: When creating a supplier payment in advance, and tax has to be reported for advance payments, this posting type is used for a contra-account for the tax posting (PP39).

Debit or credit posting: A normal customer payment in advance will result in a credit posting. When matched to an invoice, the previous posting to this account is reversed.

PP49 Description of use: When the tax method on the invoice line is set to Payment, then withheld tax will only be provisionally posted when posting a supplier invoice. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the withheld tax amount and post it on the credit side. (Compare to PP18 functionality).  

Debit or credit posting:  Payment of normal supplier invoices will result in a credit posting.

PP54 Description of use: This posting type is used for bank fees which the company owes; calculated in Japanese domestic payment format FB.

Debit or credit posting: A debit posting in the Japanese payment format FB, as it is a cost when the company owes any fees.

PP55 Description of use: This posting type is used for tax on bank fees which the company owes; calculated in Japanese domestic payment format FB.

Debit or credit posting: A debit posting in the Japanese payment format FB, as it is a cost when the company owes any fees.

PP56 Description of use: This posting type is used for unpaid bank fees; calculated in Japanese payment format FB. The posting will be inclusive of tax if the parameter for the payment format FB Credit Posting for Fee and Tax has the value Single Line.

Debit or credit posting: Credit posting, as it is a liability

PP57 Description of use: This posting type is used for unpaid bank fee tax; calculated in Japanese payment format FB. The posting type will not be triggered if the parameter for the payment format FB Credit Posting for Fee and Tax has the value Single Line.

Debit or credit posting: Credit posting, as it is a liability. 

PP70 Description of use: The posting type is used to allocate the interest amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier interest cost is posted as a debit posting.

PP71 Description of use: The posting type is used to allocate the fine amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier fine cost is posted as a debit posting.

Supplier - Bill of Exchange Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP1) will be reversed, in order to balance the supplier debt. Also earlier unmatched supplier payments like Payments on Account (PP7), Payments in Advance (PP37) or Parked Payments (PP9) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions, i.e., when the bill is cashed.

Debit or credit posting: When it is a supplier payment it will be a credit posting.

PP2 Description of use: This posting type allocates the proper account for received discount, when matching a supplier Bill of Exchange with invoices.

Debit or credit posting: Since it reduces the amount paid, it will be a credit posting.

PP5 Description of use: In the case when we are given early settlement discount and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for supplier invoices normally is posted as debits, this reduction must be made as a credit.

PP9 Description of use: When making a partial rollback of a payment, the open amount can be used for offset against another invoice or payment. Until then, the amount will be posted according to this posting type. It can also occur when sending an unspecified payment, i.e., when both the supplier and the invoice ID are unknown, this posting type will post it to the correct account.

Debit or credit posting: Normally a debit posting.

PP12 Description of use: This occurs when the currency exchange rate when cashing the bill is different from the rate at the time of the invoice entry so that the net result is a currency loss. This posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: This occurs when the currency exchange rate when cashing the bill is different from the rate at the time of the invoice entry so that the net result is a currency gain. This posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP16 Description of use: This posting type allocates the proper account for write-off, when sending a supplier payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount sent, it will be a credit posting.

PP18 Description of use: When the tax method on the invoice line is set to Payment,  then tax will only be provisionally posted when doing the invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal supplier invoices will result in a debit posting.

PP22 Description of use: When a supplier Bill of Exchange, created in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the affiliated company for inter company accounts payable.

Debit or credit posting: This will be a credit posting.

PP23 Description of use: When a supplier Bill of Exchange, created in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the company making the payment for inter company accounts receivable due from the affiliated company, whose supplier invoice was cleared in the payment

Debit or credit posting: This will be a debit posting.

PP26 Description of use: When a supplier Bill of Exchange is entered/created this posting type allocates the proper account for the open bill.

Debit or credit posting: When the supplier Bill of Exchange is created, this account is credited and when the bill is cashed this account is debited (reversed).

PP29 Description of use: When a supplier Bill of Exchange is entered and not fully matched with invoices, this posting type allocates the proper account for the payment on account created for the remaining, not matched amount.

Debit or credit posting: When the supplier Bill of Exchange is entered and a payment on account is created, this account is debited and when the payment on account is matched with invoices this account is credited (reversed).

PP33 Description of use: In the case when a supplier debt, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for supplier invoices normally is posted as debits, this reduction must be made as a credit.

PP37 Description of use: When we send a  payment in advance to a supplier, the payment will not be matched against an invoice.  At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting:  Debit posting when the payment is created.  When matched to an invoice, the previous posting to this account is reversed.

PP39 Description of use: When creating a supplier payment in advance, and tax has to be reported for advance payments, the tax will be posted according to this posting type.

Debit or credit posting: A normal supplier payment in advance will, when entered, result in a debit posting. When matched to an invoice, the previous posting to this account is reversed.

PP41 Description of use: When creating a supplier payment in advance, and tax has to be reported for advance payments, this posting type is used for a contra-account for the tax posting (PP39).

Debit or credit posting: A normal customer payment in advance will result in a credit posting. When matched to an invoice, the previous posting to this account is reversed.

PP49 Description of use: When the tax method on the invoice line is set to Payment,  then withheld tax will only be provisionally posted when posting a supplier invoice. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the withheld tax amount and post it on the credit side. (Compare to PP18 functionality).  

Debit or credit posting:  Payment of normal supplier invoices will result in a credit posting.

PP58 Description of use: When stamp duty is applied to a supplier bill of exchange, which is set to post the stamp duty when the bill is posted, this posting type is used to post the stamp duty amount.

Debit or credit posting: Payment of stamp duty will result in a debit posting.

PP59 Description of use: When stamps are bought for the organization, it will result in a debit posting. When the stamp duty is paid, the previous posting will be reversed.

Debit or credit posting: Since stamps will be reduced in the company when the stamp duty is paid, this will result in a credit posting. 

PP70 Description of use: The posting type is used to allocate the interest amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier interest cost is posted as a debit posting.

PP71 Description of use: The posting type is used to allocate the fine amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier fine cost is posted as a debit posting.

Supplier - Check Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP1) will be reversed, in order to balance the supplier debt. Also earlier unmatched supplier payments like Payments on Account (PP7), Payments in Advance (PP37) or Parked Payments (PP9) used in a customer payment, will be reversed, in order to balance the customer claim. Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions, i.e., when the check is cashed.

Debit or credit posting: When it is a supplier payment it will be a credit posting.

PP2 Description of use: This posting type allocates the proper account for received discount, when matching a supplier check with invoices.

Debit or credit posting: Since it reduces the amount paid, it will be a credit posting.

PP5 Description of use: In the case when we are given early settlement discount and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for supplier invoices normally is posted as debits, this reduction must be made as a credit.

PP9 Description of use: When making a partial rollback of a payment, the open amount can be used for offset against another invoice or payment. Until then, the amount will be posted according to this posting type. It can also occur when sending an unspecified payment, i.e., when both the supplier and the invoice ID are unknown, this posting type will post it to the correct account.

Debit or credit posting: Normally a debit posting.

PP12 Description of use: This occurs when the currency exchange rate when cashing the bill is different from the rate at the time of the invoice entry so that the net result is a currency loss. This posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: This occurs when the currency exchange rate when cashing the bill is different from the rate at the time of the invoice entry so that the net result is a currency gain. This posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP16 Description of use: This posting type allocates the proper account for write-off, when sending a supplier payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount sent, it will be a credit posting.

PP18 Description of use: When the tax method on the invoice line is set to Payment,  then tax will only be provisionally posted when doing the invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal supplier invoices will result in a debit posting.

PP21 Description of use: When a supplier check is automatically created and printed from a Supplier Payment Order, this posting type allocates the proper account for the open check, if the Check Series is set up to use an Interim Cash Account. When the check is cashed or voided, the previous posting to this account will be reversed. When a supplier check is manually entered, this posting type allocates the proper account for the open check. When the check is printed, and if the Check Series is set up not to use an Interim Cash Account, the previous posting to this account will be reversed.

Debit or credit posting: When the supplier check is entered/printed, this account is credited and when the check is cashed or voided this account is debited (reversed).

PP22 Description of use: When a supplier check, created in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the affiliated company for inter company accounts payable.

Debit or credit posting: This will be a credit posting.

PP23 Description of use: When a supplier check, created in one company, matches invoices in another company, this posting type will be used to allocate the proper account in the company making the payment for inter company accounts receivable due from the affiliated company, whose supplier invoice was cleared in the payment

Debit or credit posting: This will be a debit posting.

PP30 Description of use: When a supplier check is entered and not fully matched with invoices, this posting type allocates the proper account for the payment on account created for the remaining, unmatched amount.

Debit or credit posting: When the supplier check is entered and a payment on account is created, this account is debited and when the payment on account is matched with invoices this account is credited (reversed).

PP33 Description of use: In the case when a supplier debt, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for supplier invoices normally is posted as debits, this reduction must be made as a credit.

PP37 Description of use: When we send a  payment in advance to a supplier, the payment will not be matched against an invoice.  At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting:  Debit posting when the payment is created.  When matched to an invoice, the previous posting to this account is reversed.

PP39 Description of use: When creating a supplier payment in advance, and tax has to be reported for advance payments, the tax will be posted according to this posting type.

Debit or credit posting: A normal supplier payment in advance will, when entered, result in a debit posting. When matched to an invoice, the previous posting to this account is reversed.

PP41 Description of use: When creating a supplier payment in advance, and tax has to be reported for advance payments, this posting type is used for a contra-account for the tax posting (PP39).

Debit or credit posting: A normal customer payment in advance will result in a credit posting. When matched to an invoice, the previous posting to this account is reversed.

PP49 Description of use: When the tax method on the invoice line is set to Payment,  then withheld tax will only be provisionally posted when posting a supplier invoice. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the withheld tax amount and post it on the credit side. (Compare to PP18 functionality).  

Debit or credit posting:  Payment of normal supplier invoices will result in a credit posting.

PP70 Description of use: The posting type is used to allocate the interest amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier interest cost is posted as a debit posting.

PP71 Description of use: The posting type is used to allocate the fine amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier fine cost is posted as a debit posting.

Supplier Offset

The offset functionality does not create any cash transactions and total amount involved must always balance.

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP1) will be reversed, in order to balance the supplier debt. Also earlier unmatched supplier payments like Payments on Account (PP7), Payments in Advance (PP37) or Parked Payments (PP9) used in a customer payment, will be reversed, in order to balance the customer claim. In supplier offset, this also applies to the unmatched parts of Supplier Checks (PP30) and Bills of Exchange (PP29). Please, note that no information concerning ledger account is thus fetched from posting control.

PP1 Description of use: This posting type is used in order to allocate the right cash account to payment transactions.

Debit or credit posting: When it is a supplier payment it will be a credit posting.

PP2 Description of use: This posting type allocates the proper account for any settlement discounts that are received when paying the supplier.

Debit or credit posting: Since it reduces the amount to pay, it will be a credit posting.

PP5 Description of use: In some countries, when receiving a discount, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the debit side for supplier invoices, it will be reduced as a credit posting.

PP7 Description of use: When paying the supplier unspecified items or just in advance, the payment on account will be posted according to this posting type.

Debit or credit posting: The supplier has received an amount that can be off-set against future invoices. These payments are posted as debits.

PP12 Description of use: When the currency exchange rate of the payment is different to the rate at the time of the invoice entry such that the net result is a currency loss, this posting type sets the proper account for the realized loss.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: When the currency exchange rate is different to the rate at the time of the invoice entry such that the net result is a currency gain, this posting type sets the proper account for the realized gain.

Debit or credit posting: The gain is posted on the credit side.

PP18 Description of use: When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the preliminary or direct invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Normal supplier invoices are debited.

PP49 Description of use: When the tax method on the invoice line is set to Payment, then withheld tax will only be provisionally posted when posting a supplier invoice. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the withheld tax amount and post it on the credit side. (Compare to PP18 functionality).  

Debit or credit posting:  Payment of normal supplier invoices will result in a credit posting.

Supplier Rollback - Partial

PP9 Description of use: When making a partial rollback of a payment, the amount can be used for offset against another invoice. Until then, the amount will be posted according to this posting type. It can also occur when paying an unspecified supplier and an unspecified invoice. It is similar to a payment on account, in that the amount can be found and used in the payment proposal or the manual payment.

Debit or credit posting: Normally a debit posting.

Reverse Description of use: The customer ledger account used in the payment voucher will be reversed and re-used.

Supplier Rollback - Complete

Reverse. Description of use: The cash transaction involved in the original payment will be reversed, also the customer ledger account will be reversed and reused. A correction voucher is created. No information is fetched from the posting control.

Mixed Payment

Reverse. Description of use: This is not a real posting type, but it is added here in order to show that postings made at the time of invoice entry will be reversed. In this case the same ledger account as was used in invoice entry (IP1 or IP2) will be reversed, in order to balance the supplier debt or customer claim. Also earlier unmatched payments like Payments on Account (PP7 or PP8), Payments in Advance (PP36 or PP37) or Parked Payments (PP9 or PP10) used in a supplier or customer payment, will be reversed, in order to balance the supplier debt or customer claim. Please, note that no information concerning ledger account is thus fetched from posting control. When cashing checks or bills of exchange, that are open (PP21 or PP26) or were posted to an Interim Cash Account, (PP24 or PP35) the posting to the Open Check/Bill Account or Interim Cash Account is reversed, in order to balance these accounts. And also when a bill of exchange was cashed in advance (PP25), the posting to the Customer BoE Cashed in Advance account when the bill is settled/cashed, is reversed, in order to balance this account. So, no information concerning the Interim Cash Account or the Customer BoE Cashed in Advance account is thus fetched from posting control.

PP1 Description of use: All transaction types. This posting type is thus used for both customer and supplier and general cash transactions in the mixed payment functionality. This posting type is used in order to allocate the right cash account to payment transactions.It is also used for cash transfer counter postings if the Cash Transaction cash transfer method is used for the counter cash account in the cash transfer (no interim posting).

Debit or credit posting: If the Mixed Payment transaction is an incoming cash it will be a debit posting for the Mixed Payment cash account, if the Mixed Payment transaction is an outgoing cash, it will be a credit posting for the Mixed Payment cash account. For the counter cash account in a cash transfer transaction the direction of the cash is reversed.

PP2 Description of use: Supplier Payment, Acknowledge Supplier Payment Order. This posting type allocates the correct account for any settlement discounts that are received when paying the supplier.

Debit or credit posting: Since it reduces the amount to pay, it will be a credit posting.

PP3 Description of use: Customer Payment, Acknowledge Customer Direct debiting. This posting type allocates the correct account for any settlement discount, when receiving a customer payment.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP4 Description of use: bank fee payment. When some kind of additional fee was charged for the payment, either from the bank or any other payment institution, it will be posted to the correct account according to this posting type.

Debit or credit posting: It will be posted as a cost on the debit side, no matter if it is a customer or supplier payment.

PP5 Description of use: Supplier Payment, Acknowledge Supplier Payment Order. In some countries, when receiving a discount, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the debit side for supplier invoices, it will be reduced as a credit posting.

PP6 Description of use: Customer Payment, Acknowledge Customer Direct debiting. When the customer is given discount and the tax is supposed to be reduced accordingly, this posting type will ensure the correct account is posted to.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP7 Description of use: Supplier Payment, Acknowledge Supplier Payment Order. When the supplier payment is not fully matched with invoices, the payment on account that is created will be posted according to this posting type.

Debit or credit posting: We have sent the supplier an amount that can be offset against future invoices. These payments are posted as debits.

PP8 Description of use: Customer Payment, Acknowledge Customer Direct debiting. When the customer payment is not fully matched with invoices, the payment on account that is created will be posted according to this posting type.

Debit or credit posting: The customer has sent us an amount that can be offset against future invoices. These payments are posted as credits.

PP9 Description of use: Supplier Payment. When making a partial rollback of a payment, the open amount can be used for offset against another invoice or payment. Until then, the amount will be posted according to this posting type. It can also occur when sending an unspecified payment, i.e., when both the supplier and the invoice ID are unknown, this posting type will post it to the correct account.

Debit or credit posting: normally a debit posting.

PP10 Description of use: Customer Payment. When making a partial rollback of a payment, the open amount can be used for offset against another invoice or payment. Until then, the amount will be posted according to this posting type. It can also occur when receiving an unspecified payment, i.e., when both the customer and the invoice ID is unknown, this posting type will post it to the correct account.

Debit or credit posting: normally a credit posting.

PP12 Description of use: Customer Payment, Supplier Payment, Acknowledge Customer Direct debiting, Acknowledge Supplier Payment Order, Cash Supplier Check, Acknowledge Customer Check Cashing. When the currency exchange rate for the payment is different to the rate at the time of the invoice entry, such that the net result is a realized currency loss, this posting type will define the correct account.

Debit or credit posting: The loss is posted on the debit side.

PP13 Description of use: Customer Payment, Supplier Payment, Acknowledge Customer Direct debiting, Acknowledge Supplier Payment Order, Cash Supplier Check, Acknowledge Customer Check Cashing. When the currency exchange rate for the payment is different to the rate at the time of the invoice entry, such that the net result is a realized currency gain, this posting type will define the correct account.

Debit or credit posting: The gain is posted on the credit side.

PP16 Description of use: Supplier Payment. This posting type allocates the proper account for write-off, when sending a supplier payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount sent, it will be a credit posting.

PP17 Description of use: Customer Payment. This posting type allocates the proper account for write-off, when receiving a customer payment not big enough to cover an invoice.

Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

PP18 Description of use: Supplier Payment, Acknowledge Supplier Payment Order. When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing preliminary or direct supplier invoice entry. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal supplier invoices will result in a debit posting.

PP19 Description of use: Customer Payment, Acknowledge Customer Direct debiting. When the tax method on the invoice line is set to Payment, then tax will only be provisionally posted when doing the original invoice entry. At the time of the payment, the preliminary posting will be reversed and this posting type will allocate the proper account for the tax amount.

Debit or credit posting: Payment of normal customer invoices will result in a credit posting.

PP22 Description of use: Customer Payment, Supplier Payment, Direct Cash Payment. For a customer payment, this posting will be created in the company receiving the payment as an inter company accounts payable due to the affiliated company whose customer invoice was cleared in the payment. For a supplier payment, this posting will be created in the affiliated company, not in the company processing the supplier payment. When the supplier payment is created, the affiliated company incurs a debt to the company paying the invoice.  This is the inter company accounts payable that is created. For a direct cash payment using a mixed payment, this posting will be created in the company processing the payment as an inter-company accounts payable due to the affiliated company if, the manual posting creates revenues or liabilities in the affiliated company. For a direct cash payment which is created with the manual posting costs or claims in the affiliated company, the inter company accounts payable is created in the affiliated company.

Debit or credit posting: This will be a credit posting.

PP23 Description of use: Customer Payment, Supplier Payment, Direct Cash Payment. For a customer payment, this posting will be created in the affiliated company, not in the company processing the customer payment.  When the customer payment is created, the affiliated company will have a claim from the company paying the invoice. This is the inter company accounts receivable that is created. For a supplier payment, this posting will be created in the company making the payment as an inter company accounts receivable due from the affiliated company whose invoice was cleared by the payment. For a direct cash payment using a mixed payment, this posting will be created in the affiliated company as an inter-company accounts receivable if, the manual posting creates revenues or liabilities in the affiliated company. For a direct cash payment which is created with the manual posting cost or claims in the affiliated company, the inter-company accounts receivable posting is created in the company, making the payment.

Debit or credit posting: This will be a debit posting.

PP33 Description of use: In the case when a supplier debt, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for supplier invoices normally is posted as debits, this reduction must be made as a credit.

PP34 Description of use: In the case when a customer claim, or part of, is written off and the tax is supposed to be reduced accordingly, this posting type will ensure the proper account is derived.

Debit or credit posting: Since tax for customer invoices normally is posted as credits, this reduction must be made as a debit.

PP36 Description of use: customer payment. When a customer payment is received in advance, the payment will not be matched against an invoice.  At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting:  Credit posting when entered during a customer receipt.  When matched to an invoice, the previous posting to this account is reversed.

PP37 Description of use: supplier payment. When we send a  payment in advance to a supplier, the payment will not be matched against an invoice.  At some point in the future, the advance payment can be matched to an invoice.

Debit or credit posting:  Debit posting when the payment is created.  When matched to an invoice, the previous posting to this account is reversed.

PP38 Description of use: Customer Payment. When the customer pays in advance, and tax has to be reported for advance payments, the tax will be posted according to this posting type.

Debit or credit posting: A normal customer payment in advance will, when entered, result in a credit posting. When matched to an invoice, the previous posting to this account is reversed.

PP39 Description of use: supplier payment. When creating a supplier payment in advance, and tax has to be reported for advance payments, the tax will be posted according to this posting type.

Debit or credit posting: A normal supplier payment in advance will, when entered, result in a debit posting. When matched to an invoice, the previous posting to this account is reversed.

PP40 Description of use: customer payment. When the customer pays in advance, and tax has to be reported for advance payments, this posting type is used for a contra-account for the tax posting (PP38).

Debit or credit posting: A normal customer payment in advance will result in a debit posting. When matched to an invoice, the previous posting to this account is reversed.

PP41 Description of use: supplier payment. When creating a supplier payment in advance, and tax has to be reported for advance payments, this posting type is used for a contra-account for the tax posting (PP39).

Debit or credit posting: A normal customer payment in advance will result in a credit posting. When matched to an invoice, the previous posting to this account is reversed.

PP42 Description of use: customer payment. When deductions are made in a customer payment, the deduction amount is separately posted. This posting type allocates the correct account for any deduction made by the customer, when receiving a customer payment.

Debit or credit posting: debit posting when the customer payment is created.

PP43 Description of use: customer payment. When deductions are made in a customer payment, the deduction amount is separately posted. In some countries, the tax amount must be reduced correspondingly. This posting type gives the correct account for that.

Debit or credit posting: Since tax originally was posted on the credit side for customer invoices, it will be reduced as a debit posting.

PP44 Description of use: direct cash payment. When making a cash payment including tax, this account is used to post the tax. Cash account is credited.

Debit or credit posting: Debit posting when the customer payment is created.

PP45 Description of use: direct cash payment. When receiving a cash payment including tax, this account is used to post the tax. Cash account is debited.

Debit or credit posting: Credit posting when the customer payment is created.

PP46 Description of use: direct cash payment. This posting type is used only for outgoing cash payments, and only for calculation purposes, (See also PP47). It is used when making a cash payment where tax is not included in the payment, (e.g., when purchasing from within the EEC), but must be reported for tax declaration purposes. Tax is calculated and posted on the debit side to this account and on the credit side to an account according to PP47. The reason is thus only for reporting purposes.

Debit or credit posting: Debit posting when the supplier payment is created

PP47 Description of use: direct cash payment. This posting type is used only for outgoing cash payments, and only for calculation purposes, (See also PP46). It is used when making a cash payment where tax is not included in the payment, (e.g., when purchasing from within the EEC), but must be reported for tax declaration purposes. Tax is calculated and posted on the credit side to this account and on the debit side to an account according to PP46. The reason is thus only for reporting purposes.

Debit or credit posting: Credit posting when the supplier payment is created.

PP49 Description of use: When the tax method on the invoice line is set to Payment,  then withheld tax will only be provisionally posted when posting a supplier invoice. At the time the payment is made the preliminary posting will be reversed, and this posting type will allocate the proper account for the withheld tax amount and post it on the credit side. (Compare to PP18 functionality).  

Debit or credit posting:  Payment of normal supplier invoices will result in a credit posting.

PP69 Description of use: The posting type is used to allocate the fine amount applicable to customer payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Customer fine revenue is posted as a credit posting.

PP70 Description of use: The posting type is used to allocate the interest amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier interest cost is posted as a debit posting.

PP71 Description of use: The posting type is used to allocate the fine amount applicable to supplier payments when payments are made after the due date for the payment has passed.

Debit or credit posting: Supplier fine cost is posted as a debit posting.

PP77 Description of use: This posting type is used to define the interim posting for a cash transfer counter account. 

Debit or credit posting: Debit posting if an outgoing cash transfer is entered for a Mixed Payment or a Cash Box cash account which is an incoming cash transfer for the counter cash account. Credit posting if an incoming cash transfer is entered for a Mixed Payment or a Cash Box cash account which is an outgoing cash transfer for the counter cash account.

 

5. IFS/Fixed Assets

5.1 IFS/Fixed Assets - Existing Posting Types

Posting Type	Description	Requires Ledger Account
FAP0	Posting Without Posting Control, Fixed Assets	No
FAP1	Imported Acquisition Value	No
FAP2	Counter Posting Acquisition Value	No
FAP3	Accumulated Depreciation Balance	No (Yes recommended)
FAP4	Accumulated Depreciation Counter Posting	No
FAP5	Depreciation, Cost Accounting	No (Yes recommended)
FAP6	Depreciation, Balance Accounting	No (Yes recommended)
FAP7	Acquisition value, Counter Posting in Sale Transaction	No
FAP8	Accumulated Depreciation, Counter Posting in Sale Transaction	No
FAP9	Sales Value Income	No
FAP10	Sales Value Interim Posting	No
FAP11	Acquisition value, Counter Posting in Scrap Transaction	No
FAP12	Accumulated Depreciation, Counter Posting in Scrap Transaction	No
FAP13	Increase of Acquisition Value, Counter Posting, Acquisition Value	No
FAP14	Increase of Add Investment, Counter Posting, Acquisition Value	No
FAP15	Decrease of Net Value, Revenue Accounting	No
FAP16	Change Net Value, Balance Accounting	No
FAP17	Adjustment Depreciation, Cost Accounting	No
FAP18	Adjustment Depreciation, Balance Accounting	No
FAP19	Scrap Pool Object, Counter Posting, Acquisition Value	No
FAP20	Scrap Pool Object, Counter Posting, Accumulated Depreciation	No
FAP21	Import Pool Object, Acquisition value	No
FAP22	Import Pool Object, Counter Posting, Acquisition value	No
FAP23	Import Pool Object, Accumulated Depreciation, Balance Accounting	No
FAP24	Import Pool Object, Counter Posting, Accumulated Depreciation	No
FAP25	Sale, Net Value Posting, Cost Account	No
FAP26	Scrap, Net Value Posting, Cost Account	No
FAP27	Scrap Pool Object, Net Value Posting, Cost Account	No
FAP28	Decrease of Acquisition Value, Counter Posting, Acquisition Value	No
FAP29	Decrease of Add Investment, Counter Posting, Acquisition Value	No
FAP30	Increase of Net Value, Revenue Accounting	No
FAP31	Import, Change Net Value, Balance Accounting	No
FAP32	Import Pool Object, Change Net Value, Balance Accounting	No
FAP33	Import Pool Object, Change Net Value, Balance Accounting	No
FAP34	Import Pool Object, Counter Posting, Change Net Value	No
FAP35	Profit from Sale	No
FAP36	Profit from Sale, Counter Posting	No
FAP37	Loss from Sale	No
FAP38	Loss from Sale, Counter Posting	No
FAP39	Acquisition Value Adjustment per Book, Increase	No
FAP40	Acquisition Value Adjustment per Book, Increase, Counter Posting Import	No
FAP41	Acquisition Value Adjustment per Book, Decrease	No
FAP42	Acquisition Value Adjustment per Book, Decrease, Counter Posting Import	No
FAP43	Sale, Counter Posting, Acquisition Value Adjustment per Book, Increase	No
FAP44	Sale, Counter Posting, Acquisition Value Adjustment per Book, Decrease	No
FAP45	Scrap, Counter Posting, Acquisition Value Adjustment per Book, Increase	No
FAP46	Scrap, Counter Posting, Acquisition Value Adjustment per Book, Decrease	No
FAP47	Acquisition Value Adjustment per Book, Increase, Counter Posting Addition	No
FAP48	Acquisition Value Adjustment per Book, Decrease, Counter Posting Addition	No
FAP49	Acquisition Value Adjustment per Book, Increase, Counter Posting Appreciation	No
FAP50	Acquisition Value Adjustment per Book, Decrease, Counter Posting Appreciation	No

5.2 IFS/Fixed Assets - Available Control Types

Control Type	Description	Data Controlled by
AC1	Fixed Value	IFS Accounting Rules
AC2	Pre-posting (Not available for Code part "A", except for posting types FAP1, FAP21, FAP39, FAP41)	IFS Accounting Rules
AC5	User Group	IFS Accounting Rules
FAC2	Object Group	IFS Fixed Assets
FAC3	Book	IFS Fixed Assets
FAC4	Transaction Reason	IFS Fixed Assets

5.3 IFS/Fixed Assets - Allowed Combinations of Posting Types and Control Types

Posting Type	Description	AC1	AC2	AC5	FAC2	FAC3	FAC4
FAP0	Posting Without Posting Control, Fixed Assets
FAP1	Imported Acquisition Value	X	X	X	X
FAP2	Counter Posting Acquisition Value	X	X	X	X		X
FAP3	Accumulated Depreciation Balance	X	X	X	X	X
FAP4	Accumulated Depreciation Counter Posting	X	X	X	X	X	X
FAP5	Depreciation, Cost Accounting	X	X	X	X	X
FAP6	Depreciation, Balance Accounting	X	X	X	X	X
FAP7	Acquisition value, Counter Posting in Sale Transaction	X	X	X	X		X
FAP8	Accumulated Depreciation, Counter Posting in Sale Transaction	X	X	X	X		X
FAP9	Sales Value Income	X	X	X	X		X
FAP10	Sales Value Interim Posting	X	X	X	X
FAP11	Acquisition value, Counter Posting in Scrap Transaction	X	X	X	X		X
FAP12	Accumulated Depreciation, Counter Posting in Scrap Transaction	X	X	X	X		X
FAP13	Change Acquisition Value, Counter Posting, Acq Value	X	X	X	X		X
FAP14	Add Investment, Counter Posting, Acq Value	X	X	X	X		X
FAP15	Change Net Value, Cost Accounting	X	X	X	X	X	X
FAP16	Change Net Value, Balance Accounting	X	X	X	X	X	X
FAP17	Adjustment Depreciation, Cost Accounting	X					X
FAP18	Adjustment Depreciation, Balance Accounting	X
FAP19	Scrap Pool Object, Counter Posting, Acquisition Value	X	X	X	X		X
FAP20	Scrap Pool Object, Counter Posting, Accumulated Depreciation	X	X	X	X		X
FAP21	Import Pool Object, Acquisition value	X	X	X	X
FAP22	Import Pool Object, Counter Posting, Acquisition value	X	X	X	X		X
FAP23	Import Pool Object, Accumulated Depreciation, Balance Accounting	X	X	X	X	X
FAP24	Import Pool Object, Counter Posting, Accumulated Depreciation	X	X	X	X	X	X
FAP25	Sale, Net Value Posting, Cost Account	X	X	X	X	X	X
FAP26	Scrap, Net Value Posting, Cost Account	X	X	X	X	X	X
FAP27	Scrap Pool Object, Net Value Posting, Cost	X	X	X	X	X	X
FAP28	Decrease of Acquisition Value, Counter Posting, Acquisition Value	X	X	X	X		X
FAP29	Decrease of Add Investment, Counter Posting, Acquisition Value	X	X	X	X		X
FAP30	Increase of Net Value, Revenue Accounting	X	X	X	X	X	X
FAP31	Import, Change Net Value, Balance Accounting	X	X	X	X	X	X
FAP32	Import, Counter Posting, Change Net Value	X	X	X	X	X	X
FAP33	Import Pool Object, Change Net Value, Balance Accounting	X	X	X	X	X	X
FAP34	Import Pool Object, Counter Posting, Change Net Value	X	X	X	X	X	X
FAP35	Profit from Sale	X	X		X	X	X
FAP36	Profit from Sale, Counter Posting	X	X		X	X	X
FAP37	Loss from Sale	X	X		X	X	X
FAP38	Loss from Sale, Counter Posting	X	X		X	X	X
FAP39	Acquisition Value Adjustment per Book, Increase	X	X	X	X	X	X
FAP40	Acquisition Value Adjustment per Book, Increase, Counter Posting Import	X	X	X	X	X	X
FAP41	Acquisition Value Adjustment per Book, Decrease	X	X	X	X	X	X
FAP42	Acquisition Value Adjustment per Book, Decrease, Counter Posting Import	X	X	X	X	X	X
FAP43	Sale, Counter Posting, Acquisition Value Adjustment per Book, Increase	X	X	X	X	X	X
FAP44	Sale, Counter Posting, Acquisition Value Adjustment per Book, Decrease	X	X	X	X	X	X
FAP45	Scrap, Counter Posting, Acquisition Value Adjustment per Book, Increase	X	X	X	X	X	X
FAP46	Scrap, Counter Posting, Acquisition Value Adjustment per Book, Decrease	X	X	X	X	X	X
FAP47	Acquisition Value Adjustment per Book, Increase, Counter Posting Addition	X	X	X	X	X	X
FAP48	Acquisition Value Adjustment per Book, Decrease, Counter Posting Addition	X	X	X	X	X	X
FAP49	Acquisition Value Adjustment per Book, Increase, Counter Posting Appreciation	X	X	X	X	X	X
FAP50	Acquisition Value Adjustment per Book, Decrease, Counter Posting Appreciation	X	X	X	X	X	X

Note: The control type AC2, Pre-posting, is not available for code part A, except for the posting types FAP1 (Imported Acquisition Value), FAP21 (Import Pool Object, Acquisition value), FAP39 (Acquisition Value Adjustment per Book, Increase) and FAP41 (Acquisition Value Adjustment per Book, Decrease),

5.4 IFS/Fixed Assets - Connections between Posting Types and System Events

Note:  If more than one book is used in Fixed Assets the postings must be capable of being differentiated per book in the ledger(s) to create the respective balance sheets and income statements. In IFS/Fixed Assets it is possible to connect a specific voucher type to a FA Book. If a specific voucher type is connected to a book, this voucher type will be used for book specific postings (like depreciations or adjustments). The voucher type controls for which ledger(s) the vouchers will be created. If separate ledgers are used for all books, the same code string can be used for transactions of different books, as the vouchers for the different books (e.g. the depreciations for the different books) are transferred to different ledgers. If no separate ledgers are used for book specific transactions and several books are set up to create accountings, posting control must be set up in such a way that book specific codes strings are created for all book-specific transactions. This can be achieved by using control type FAC3 Book.

FAP0 Description of use: This is a posting type that looks into previously made transactions and reverses the account used. An example could be when an object is sold, and the acquisitions value is going to be reversed. The posting control uses the account for acquisition and reverses the value.

Debit or credit posting: It is always dependent on the type of event.

FAP1 Description of use: Fixed Assets/Functions/Posting Import Transactions. When posting the import transactions, the acquisition account is allocated according to this posting type.

Debit or credit posting: Acquisitions are posted as debits.

FAP2 Description of use: Fixed Assets/Functions/Posting Import Transactions. This posting type allocates the counter posting to FAP1. This account could be the one used previously, before the object was imported.

Debit or credit posting: This posting reduces the previous value of the object, and is thus a credit posting.

FAP3 Description of use: Fixed Assets/Functions/Posting Import Transactions. All depreciation that has been made on the object is cumulated to the account that this posting type allocates.

Debit or credit posting: Credit postings since value is reduced.

FAP4 Description of use: Fixed Assets/Functions/Posting Import Transactions. Counter posting to FAP3.

Debit or credit posting: debit postings.

FAP5 Description of use: Fixed Assets/Depreciation Proposal/Overview and Details, right mouse button option Post. A depreciation proposal that is confirmed is being posted on right-clicking and then clicking Post. This posting type allocates the proper account.

Debit or credit posting: debit postings.

FAP6 Description of use: Fixed Assets/Depreciation Proposal/Overview and Details, right-click and then click Post. When posting the cost for the depreciation this posting type also allocates a counter posting, normally a loss of value of the asset.

Debit or credit posting: Credit posting since value is reduced.

FAP7 Description of use: Fixed Assets/Objects/Object, right-click and then click Make Sale. This posting type sets the proper account for counter posting of acquisition value in sale transaction. When the object is sold, the acquisition value is reversed and a counter posting is made on an account, could be cost of sold fixed assets.

Debit or credit posting: debit posting.

FAP8 Description of use: Fixed Assets/Objects/Object, right-click and then click Make Sale. This posting type sets the proper account for counter posting of accumulated depreciation in sale transaction. When the object is sold, all depreciation done is reversed and a counter posting is made on an account, could be cost of sold fixed assets, could be same as FAP7.

Debit or credit posting: credit posting.

FAP9 Description of use: Fixed Assets/Objects/Object, right-click and then click Make Sale. When an object is sold, the revenue from the sale is posted according to this posting type.

Debit or credit posting: credit posting.

FAP10 Description of use: Fixed Assets/Objects/ Object, right-click and then click Make Sale. When an object is sold and posted to a revenue account, this posting type sets the proper counter posting for the revenue.

Debit or credit posting: debit posting.

FAP11 Description of use: Fixed Assets/Objects/Object, right-click and then click Make Scrap. This posting type sets the proper account for counter posting of acquisition value in scrap transaction. When the object is scrapped, the acquisition value is reversed and a counter posting is made on an account. E.g., The cost of scrapped fixed assets.

Debit or credit posting: debit posting.

FAP12 Description of use: Fixed Assets/Objects/Object, right-click and then click Make Scrap. This posting type sets the proper account for counter posting of accumulated depreciation in scrap transaction. When the object is scrapped, all depreciation done is reversed and a counter posting is made on an account, could be cost of scrapped fixed assets, could be same as FAP11.

Debit or credit posting: credit posting.

FAP13 Description of use: Fixed Assets/Object Operation/Change Object Value, right-click and then click Change Acquisition Value. This posting type is used to set the proper account for the counter posting of an increase in the acquisition value when the acquisition value of a fixed assets object is changed.

Debit or credit posting: credit posting

FAP14 Description of use: Fixed Assets/Object Operation/Change Object Value, right-click and then click Add Investment.  This posting type is used to set the proper account for the counter posting of an additional investment in a fixed assets object when the additional amount invested is positive.

Debit or credit posting: credit posting

FAP15 Description of use: Fixed Assets/Object Operation/Change Object Value, right-click and then click Change Net Value. This posting type is used to set the proper account to post a decrease in the net value of a fixed assets object.

Debit or credit posting: credit posting

FAP16 Description of use: Fixed Assets/Object Operation/Change Object Value, right-click and then click Change Net Value. This posting type sets the proper account for the posting of accumulated depreciation in a change net value transaction. When the net value of an object is changed, it is changed for one book only.

Debit or credit posting: Credit posting when the value of the asset goes down and debit when the value of the asset goes up.  A correction voucher is created when the value of the asset increases.

FAP25 Description of use: Fixed Assets/Objects/Object, right-click and then click Sell Object. This posting type is used to set the proper cost account to which the net value of a fixed asset object being sold should be posted. Only fixed asset object transactions for which accounting transactions will be created in books that are connected to the disposal posting method Net Cost will be posted using this posting type.

Debit or credit posting: debit posting

FAP26 Description of use: Fixed Assets/Objects/Object, right-click and then click Scrap Object. This posting type is used to set the proper cost account to which the net value of a fixed asset object being scrapped should be posted. Only fixed asset object transactions for which accounting transactions will be created in books that are connected to the disposal posting method net cost will be posted using this posting type.

Debit or credit posting: debit posting

FAP27 Description of use: Fixed Assets/Objects/Object, right-click and then click Scrap Object. This posting type is used to set the proper cost account to which the net value of a routable pool object being scrapped should be posted. Only fixed asset object transactions for which accounting transactions will be created in books that are connected to the disposal posting method will be posted using this posting type.

Debit or Credit posting: debit posting

FAP28 Description of use: Fixed Assets/Object Operation/Change Object Value, right-click and then click Change Acquisition Value. This posting type is used to set the proper account for the counter posting of a decrease in the acquisition value when the acquisition value of a fixed assets object is changed.

Debit or credit posting: debit posting

FAP29 Description of use: Fixed Assets/Object Operation/Change Object Value, right -click and then click Add Investment. This posting type is used to set the proper account for the counter posting of an additional investment in a fixed assets object when the additional amount invested is negative.

Debit or credit posting: debit posting

FAP30 Description of use: Fixed Assets/Object Operation/Change Object Value, right-click and then click Change Net Value. This posting type is used to set the proper account to post an increase in the net value of a fixed assets object.

Debit or credit posting: debit posting

FAP31 Description of use: Fixed Assets/Functions/Posting Import Transactions. This posting type is used to set the proper account to post the accumulated depreciation entered for a fixed assets object at the time of importing it. Only accumulated depreciation amounts that are entered with transaction reasons for which the system-defined check box is not selected in the Transaction Reasons window will be posted using this posting type.

Debit or credit posting: credit posting

FAP32 Description of use: Fixed Assets/Functions/Posting Import Transactions. This posting type is used to set the proper account for the counter posting of accumulated depreciation entered for a fixed assets object at the time of importing it. Only accumulated depreciation amounts that are entered with transaction reasons for which the System Defined check box is not selected in the Transaction Reasons window will be posted using this posting type.

Debit or credit posting: debit posting

FAP33 Description of use: Fixed Assets/Functions/Posting Import Transactions. This posting type is used to set the proper account to post the accumulated depreciation entered for a routable pool object at the time of importing it. Only accumulated depreciation amounts that are entered with transaction reasons for which the System Defined check box is not selected in the Transaction Reasons window will be posted using this posting type.

Debit or credit posting: credit posting

FAP34 Description of use: Fixed Assets/Functions/Posting Import Transactions. This posting type is used to set the proper account for the counter posting of accumulated depreciation entered for a routable pool object at the time of importing it. Only accumulated depreciation amounts that are entered with transaction reasons for which the System Defined check box is not selected in the Transaction Reasons window will be posted using this posting type.

Debit or credit posting: debit posting

FAP35 Description of use: Fixed Assets/Objects/Object, right-click and click Make Sale. If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the profit posting.

Debit or credit posting: credit posting.

FAP36 Description of use: Fixed Assets/Objects/Object, right-click and click Make Sale. If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the counter posting of the profit posting.

Debit or credit posting: debit posting.

FAP37 Description of use: Fixed Assets/Objects/Object, right-click and click Make Sale. If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the loss posting.

Debit or credit posting: debit posting.

FAP38 Description of use: Fixed Assets/Objects/ Object, right-click and click Make Sale. If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the counter posting of the loss posting.

Debit or credit posting: credit posting.

FAP39 Description of use: Fixed Assets/Object, right-click and click Import Object or Acquisition Value Adjustment per Book. This posting type is used to set the accurate  code string for the posting of book-specific increases of the acquisition value of an object both during the import of an object as well as for active objects. The account should be the acquisition account of the object or (if several books are kept in one ledger) a book-specific account for acquisition value adjustments.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: debit posting.

FAP40 Description of use: Fixed Assets/Object, right-click and click Import Object. This posting type is used to set the accurate code string for the counter-posting for book-specific increases of the acquisition value of an object during the import of an object. The account is usually an interim account like the FAP2 account.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: credit posting.

FAP41 Description of use: Fixed Assets/Object, right-click and click Import Object or Acquisition Value Adjustment per Book. This posting type is used to set the accurate  code string for the posting of book-specific decreases of the acquisition value of an object both during the import of an object as well as for active objects. The account should be the acquisition account of the object or (if several books are kept in one ledger) a book-specific account for acquisition value adjustments.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: credit posting.

FAP42 Description of use: Fixed Assets/Object, right-click and click Import Object. This posting type is used to set the accurate code string for the counter-posting to book-specific decreases of the acquisition value of an object during the import of an object. The account is usually an interim account like the FAP2 account.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: debit posting.

FAP43 Description of use: Fixed Assets/Object, right-click and click Sell Object. This posting type is used to set the accurate  code string for the counter-posting to the reversal of book-specific increases of the acquisition value of an object when the object is sold, e.g. the code string for the book value/costs of sold fixed assets (like the FAP7 code string or a book-specific equivalent).

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting.

FAP44 Description of use: Fixed Assets/Object, right-click and click Sell Object. This posting type is used to set the accurate code string for the counter-posting to the reversal of book-specific decreases of the acquisition value of an object when the object is sold, e.g. the code string for the book value/costs of sold fixed assets (like the FAP7 code string or a book-specific equivalent).

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: credit posting.

FAP45 Description of use: Fixed Assets/Object, right-click and click Scrap Object. This posting type is used to set the counter posting code string to the reversal of book-specific increases of the acquisition value when the object is scrapped. E.g.., the code string for the book specific values of scrapped fixed assets. This is similar to the reversal of general acquisition value using  FAP 11 when scrapping an object.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: debit posting.

FAP46 Description of use: Fixed Assets/Object, right-click and click Scrap Object. This posting type is used to set the counter posting code string to the reversal of book-specific decreases of the acquisition value when the object is scrapped. E.g.., the code string for the book specific values of scrapped fixed assets. This is similar to the reversal of general acquisition value using  FAP 11 when scrapping an object.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: credit posting.

FAP47 Description of use: Fixed Assets/Object, right-click and click Acquisition Value Adjustment per Book. This posting type is used to set the accurate code string for the counter-posting for book-specific increases of the acquisition value for an active object if the adjustment is of type Addition.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: credit posting.

FAP48 Description of use: Fixed Assets/Object, right-click and click Acquisition Value Adjustment per Book. This posting type is used to set the accurate  code string for the counter-posting to book-specific decreases of the acquisition value for an active object if the adjustment is of type Addition.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting.

FAP49 Description of use: Fixed Assets/Object, right-click and click Acquisition Value Adjustment per Book. This posting type is used to set the accurate code string for the counter-posting for book-specific increases of the acquisition value for an active object if the adjustment is of type Appreciation.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: credit posting.

FAP50 Description of use: Fixed Assets/Object, right-click and click Acquisition Value Adjustment per Book. This posting type is used to set the accurate code string for the counter-posting to book-specific decreases of the acquisition value for an active object if the adjustment is of type Appreciation.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: debit posting.

5.5 IFS/Fixed Assets - Business Events

Import of Object

FAP1 Description of use: When posting the import transactions, the acquisition account is allocated according to this posting type.

Debit or credit posting: Acquisitions are posted as debits.

FAP2 Description of use: This posting type allocates the counter posting to FAP1. This account could be the one used previously, before the object was imported.

Debit or credit posting: This posting reduces the previous value of the object, and is thus a credit posting.

FAP3 Description of use: All depreciation that has been made on the object is cumulated to the account that this posting type allocates.

Debit or credit posting: credit postings since value is reduced.

FAP4 Description of use: counter posting to FAP3.

Debit or credit posting: debit postings.

FAP31 Description of use: This posting type is used to set the proper account to post the accumulated depreciation, entered with a transaction reason which is not system-defined, for a fixed assets object at the time of importing it.

Debit or credit posting: credit posting

FAP32 Description of use: counter posting to FAP31

Debit or credit posting: debit posting

FAP33 Description of use: This posting type is used to set the proper account to post the accumulated depreciation, entered with a transaction reason which is not system-defined , for a routable pool object at the time of importing it.

Debit or credit posting: credit posting

FAP34 Description of use: counter posting to FAP33

Debit or credit posting: debit posting

FAP39 Description of use: This posting type is used to set the accurate code string for the posting of book-specific increases of the acquisition value of an object both during the import of an object. The account should be the acquisition account of the object or (if several books are kept in one ledger) a book-specific account for acquisition value adjustments.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting

FAP40 Description of use: This posting type is used to set the proper code string for the counter-posting for book-specific increases of the acquisition value during the import of an object. The account is usually an interim account like the FAP2 account.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: credit posting.

FAP41 Description of use: This posting type is used to set the accurate code string for the posting of book-specific decreases of the acquisition value during the import of an object. The account should be the acquisition account of the object or (if several books are kept in one ledger) a book-specific account for acquisition value adjustments.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: credit posting.

FAP42 Description of use: This posting type is used to set the accurate code string for the counter-posting to book-specific decreases of the acquisition value during the import of an object. The account is usually an interim account like the FAP2 account.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting.

Depreciation of Object

FAP5 Description of use: A depreciation proposal that is confirmed is being posted by right-clicking and then clicking Post. This posting type allocates the proper account.

Debit or credit posting: Costs are normally debit postings.

FAP6 Description of use: When posting the cost for the depreciation this posting type also allocates a counter posting, normally a loss of value of the asset.

Debit or credit posting: Credit posting since value is reduced.

Move of Object

No posting types are used.

Split of Object

No posting types are used.

Sale of Object

FAP0 Description of use: This is a posting type that looks into previously made transactions and reverses the account used. In this case the posting control uses the account for acquisition and for accumulated depreciation and reverses the value.

Debit or credit posting: Credit for FAP7 and debit for FAP8.

FAP7 Description of use: This posting type sets the proper account for counter posting of acquisition value in sale transaction. When the object is sold, the acquisition value is reversed and a counter posting is made on an account, could be cost of sold fixed assets.

Debit or credit posting: debit posting.

FAP8 Description of use: This posting type sets the proper account for counter posting of accumulated depreciation in sale transaction. When the object is sold, all depreciation done is reversed and a counter posting is made on an account, could be cost of sold fixed assets, could be same as FAP7.

Debit or credit posting: credit posting.

FAP9 Description of use: When an object is sold, the revenue from the sale is posted according to this posting type.

Debit or credit posting: credit posting.

FAP10 Description of use: When an object is sold and posted to a revenue account, this posting type sets the proper counter posting for the revenue.

Debit or credit posting: debit posting.

FAP25 Description of use: This posting type is used to set the proper cost account to which the net value of a fixed asset object being sold should be posted. Only fixed asset object transactions for which accounting transactions will be created in books that are connected to the disposal posting method Net Cost will be posted using this posting type.

Debit or credit posting: debit posting

FAP35 Description of use: If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the profit posting.

Debit or credit posting: credit posting.

FAP36 Description of use: If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the counter posting of the profit posting.

Debit or credit posting: debit posting.

FAP37 Description of use: If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the loss posting.

Debit or credit posting: debit posting.

FAP38 Description of use: If the the option of posting profit and loss separately is selected for the involved fixed assets books, this posting type will be used for the counter posting of the loss posting.

Debit or credit posting: credit posting.

FAP43 Description of use: This posting type is used to set the accurate code string for the counter-posting to the reversal of book-specific increases of the acquisition value of an object when the object is sold. E.g., the code string for the book value/costs of sold fixed assets (like the FAP7 code string or a book-specific equivalent).

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting

FAP44 Description of use: This posting type is used to set the proper code string for the counter-posting to the reversal of book-specific decreases of the acquisition value when the object is sold. E.g., the code string for the book value/costs of sold fixed assets (like the FAP7 code string or a book-specific equivalent).

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: credit posting

Scrap of Object

FAP0 Description of use: This is a posting type that looks into previously made transactions and reverses the account used. In this case the posting control uses the account for acquisition and accumulated depreciation and reverses the value.

Debit or credit posting: credit posting for FAP11 and debit for FAP12.

FAP11 Description of use: This posting type sets the proper account for counter posting of acquisition value in scrap transaction. When the object is scrapped, the acquisition value is reversed and a counter posting is made on an account, could be cost of scrapped fixed assets

Debit or credit posting: debit posting.

FAP12 Description of use: This posting type sets the proper account for counter posting of accumulated depreciation in scrap transaction. When the object is scrapped, all depreciation done is reversed and a counter posting is made on an account, could be cost of scrapped fixed assets, could be same as FAP11.

Debit or credit posting: credit posting.

FAP26 Description of use: This posting type is used to set the proper cost account to which the net value of a fixed asset object being scrapped should be posted. Only fixed asset object transactions for which accounting transactions will be created in books that are connected to the disposal posting method Net Cost will be posted using this posting type.

Debit or credit posting: debit posting

FAP27 Description of use: This posting type is used to set the proper cost account to which the net value of a routable pool object being scrapped should be posted. Only fixed asset object transactions for which accounting transactions will be created in books that are connected to the disposal posting method Net Cost will be posted using this posting type.

Debit or credit posting: debit posting

FAP45 Description of use: This posting type is used to set the proper code string for the counter-posting to the reversal of book-specific increases of the acquisition value of an object when the object is scrapped. E.g., the code string for the book values/costs of scrapped fixed assets (like the FAP11 code string or a book-specific equivalent).

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting

FAP46 Description of use: This posting type is used to set the accurate code string for the counter-posting to the reversal of book-specific decreases of the acquisition value when the object is scrapped. E.g., The code string for the book values/costs of scrapped fixed assets (like the FAP11 code string or a book-specific equivalent).

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: credit posting

Change Acquisition Value

FAP0 Description of use: This is a posting type that looks into previously made transactions and reverses the account used. In this case the posting control uses the account for acquisition and accumulated depreciation and reverses the value.

Debit or credit posting: Debit posting when the asset value increases and credit posting when the object value decreases.

FAP13 Description of use: This posting type is used to set the proper account for the counter posting of an increase in the acquisition value when the acquisition value of a fixed assets object is changed.

Debit or credit posting: credit posting

FAP28 Description of use: This posting type is used to set the proper account for the counter posting of a decrease in the acquisition value when the acquisition value of a fixed assets object is changed.

Debit or credit posting: debit posting

Addition to Acquisition Value

FAP0 Description of use: This is a posting type that looks into previously made transactions and the account used. In this case the posting control uses the account for acquisition and adds to the value.  If the user enters a negative addition, then the posting would subtract from the value.

Debit or credit posting: Debit posting when the asset value increases and credit posting when the object value decreases.

FAP14 Description of use: This posting type is used to set the proper account for the counter posting of an additional investment in a fixed assets object when the additional amount invested is positive.

Debit or credit posting: credit posting

FAP29 Description of use: This posting type is used to set the proper account for the counter posting of an additional investment in a fixed assets object when the additional amount invested is negative.

Debit or credit posting: debit posting

Change Net Value

FAP15 Description of use: This is a posting type that looks into previously made transactions and the account used. In this case the posting control uses the account for acquisition and adds to the value.  If the user enters a negative addition, then the posting would subtract from the value.

Debit or credit posting: debit posting when the asset value decreases and credit posting when the object value increases.

FAP16 Description of use: This posting type sets the proper account for the posting of accumulated depreciation in a change net value transaction. When the net value of an object is changed, it is changed for one book only.

Debit or credit posting: This posting will be a credit if the change causes the asset value to decrease and a debit posting if the asset value is being increase.

FAP30 Description of use: This posting type is used to set the proper account to post an increase in the net value of a fixed assets object.

Debit or credit posting: debit posting

Acquisition Value Adjustments per Book

FAP39 Description of use: This posting type is used to set the accurate code string for the posting of book-specific increases of the acquisition value of an object. The account should be the acquisition account of the object or (if several books are kept in one ledger) a book-specific account for acquisition value adjustments.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting

FAP41 Description of use: This posting type is used to set the Accurate code string for the posting of book-specific decreases of the acquisition value of an object. The account should be the acquisition account of the object or (if several books are kept in one ledger) a book-specific account for acquisition value adjustments.

A book-specific voucher type will be used for this posting type if the FA book is connected with a specific voucher type.

Debit or credit posting: credit posting

FAP47 Description of use: This posting type is used to set the accurate code string for the counter-posting for book-specific increases of the acquisition value for an active object if the adjustment is of type Addition.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: credit posting

FAP48 Description of use: This posting type is used to set the accurate code string for the counter-posting for book-specific decreases of the acquisition value for an active object if the adjustment is of type Addition.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting

FAP49 Description of use: This posting type is used to set the accurate code string for the counter-posting for book-specific increases of the acquisition value for an active object if, the adjustment is of type Appreciation.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: credit posting

FAP50 Description of use: This posting type is used to set the accurate code string for the counter-posting for book-specific decreases of the acquisition value for an active object if the adjustment is of type Appreciation.

A book-specific voucher type will be used for this posting type if the FA book is connected to a specific voucher type.

Debit or credit posting: debit posting

 

6. IFS/Accounting Rules

6.1 IFS/Accounting Rules - Existing Posting Types

Posting Type	Description	Requires Ledger Account	Requires Tax Account
AP1	Tax Received, Voucher Entry	No	Yes
AP2	Tax Disbursed, Voucher Entry	No	Yes
AP3	Calculated Tax Received, Voucher Entry	No	Yes
AP4	Calculated Tax Disbursed, Voucher Entry	No	Yes
AP5	Payable Investment Tax	No	Yes
AP6	Base Value for Calculate Investment Tax	No	No
AP7	The Counter Post to Base Value for Calculate Investment Tax	No	No
AP8	Interim Accounting When Investment Tax Including Inventory	No	No
AP9	Difference Account External Vouchers	No	No

 

6.2 IFS/Accounting Rules -  Available Control Types

Control Type	Description	Data Controlled by
AC1	Fixed Value	IFS Accounting Rules
AC7	Tax Code	IFS Accounting Rules
AC10	Copy From Source	IFS Accounting Rules

 

6.3 IFS/Accounting Rules - Allowed Combinations of Posting Types and Control Types

Posting Type	Description	AC1	AC7	AC10
AP1	Tax Received, Voucher Entry	X	X	X
AP2	Tax Disbursed, Voucher Entry	X	X	X
AP3	Calculated Tax Received, Voucher Entry	X	X	X
AP4	Calculated Tax Disbursed, Voucher Entry	X	X	X
AP5	Payable Investment Tax	X	X
AP6	Base Value for Calculate Investment Tax	X	X
AP7	The Counter Post to Base Value for Calculate Investment Tax	X	X
AP8	Interim Accounting When Investment Tax Including Inventory	X	X
AP9	Difference Account External Vouchers	X

 

6.4 IFS/Accounting Rules - Connections between Posting Types and System Events

AP1 Description of use: Accounting Rules/Voucher/Voucher Entry. When entering a voucher including tax received, this posting type will allocate the proper account for the tax amount.

Debit or credit posting: The tax received is posted as a debit.

AP2 Description of use: Accounting Rules/Voucher/Voucher Entry. When entering a voucher including tax disbursed, this posting type will allocate the proper account for the tax amount.

Debit or credit posting: The tax disbursed is posted as a credit.

AP3 Description of use: Accounting Rules/Voucher/Voucher Entry. This posting type is used when using a Calculated Tax type tax code and is used only for calculation purposes. (See also AP4). This is used when e.g. purchasing from within the EEC, and only in order to be reported for tax declaration purposes. Tax is calculated and posted once on the debit side, as is the case here for an ordinary purchase, and once on the credit side (AP4). The reason is thus only for reporting purposes.

Debit or credit posting: When entering a voucher for a purchase, it will be a debit posting.

AP4 Description of use: Accounting Rules/Voucher/Voucher Entry. This posting type is used when using a Calculated Tax type tax code and is used only for calculation purposes. (See also AP3). This is used when, for example, purchasing from within the EEC, and only in order to be reported for tax declaration purposes. Tax is calculated and posted once on the credit side, as is the case here for an ordinary purchase, and once on the debit side (AP3). The reason is thus only for reporting purposes.

Debit or credit posting: When entering a voucher for a purchase, it will be a credit posting.

AP5 Description of use: Accounting Rules/Voucher/Voucher Entry or Invoice/Supplier Invoices/Manual Supplier Invoice. This posting type is used when using a tax code including a rate in the Investment Tax % field. When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper account for the tax amount. This posting type is only working when Norwegian Investment Tax Method on Company level Tab Invoice have value Standard or Including Inventory.

AP6 Description of use: Accounting Rules/Voucher/Voucher Entry or Invoice/Supplier Invoices/Manual Supplier Invoice. When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper account for the tax amount base. This posting type is only working when Norwegian Investment Tax method on company level tab invoice has the value Standard or Including Inventory  

AP7 Description of use: Accounting Rules/Voucher/Voucher Entry or Invoice/Supplier Invoices/Manual Supplier Invoice. When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper counter account for the tax amount base. This posting type is only working when Norwegian Investment Tax method  on Company Level tab Invoice have value Standard or Including Inventory.

AP8 Description of use: Accounting Rules/Voucher/Voucher Entry or Invoice/Supplier Invoices/Manual Supplier Invoice. This posting type is used to include the Norwegian Investment Tax to the inventory value while the inventory part is included in inventory. When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper account for the tax amount. This posting type is only working when Norwegian Investment Tax method on Company Level tab  invoice has the value Including Inventory.

AP9 Description of use: Accounting Rules/Voucher/Voucher Entry. This posting type is used to post the difference between the debit and the credit amount of an external voucher that is not in balance.

6.5 IFS/Accounting Rules - Business Events

Tax Received and Disbursed in a Manual Voucher

AP1 Description of use: When entering a voucher including tax received, this posting type will allocate the proper account for the tax amount.

Debit or credit posting: The tax received is posted as a debit.

AP2 Description of use: When entering a voucher including tax disbursed, this posting type will allocate the proper account for the tax amount.

Debit or credit posting: The tax disbursed is posted as a credit.

AP3 Description of use: This posting type is used when using a Calculated Tax type tax code and is used only for calculation purposes. (See also AP4). This is used, for example, when purchasing from within the EEC, and only in order to be reported for tax declaration purposes. Tax is calculated and posted once on the debit side, as is the case here for an ordinary purchase, and once on the credit side (AP4). The reason is thus only for reporting purposes

Debit or credit posting: When entering a voucher for a purchase, it will be a debit posting.

AP4 Description of use: This posting type is used when using a Calculated Tax type tax code and is used only for calculation purposes. (See also AP3). This is used, for example, when purchasing from within the EEC, and only in order to be reported for tax declaration purposes. Tax is calculated and posted once on the credit side, as is the case here for an ordinary purchase, and once on the debit side (AP3). The reason is thus only for reporting purposes

Debit or credit posting: When entering a voucher for a purchase, it will be a credit posting.

AP5 Description of use: When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper account for the tax amount.

Debit or credit posting: When entering a voucher for a purchase, it will be a credit posting.

AP6 Description of use: When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper account for the tax amount base.

Debit or credit posting: When entering a voucher for a purchase, it will be a debit posting.

AP7 Description of use: When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper counter account for the tax amount base.

Debit or credit posting: When entering a voucher for a purchase, it will be a credit posting.

AP8 Description of use: This posting type is used to include the Norwegian Investment Tax to the inventory value while the inventory part is included in inventory. When entering a voucher including Norwegian Investment Tax, this posting type will allocate the proper account for the tax amount. This posting type is only working when Norwegian Investment Tax method on Company Level tab invoice has the value Including Inventory.

Debit or credit posting: When entering a voucher for a purchase, it will be a debit posting.

AP9 Description of use: This posting type is used to post the difference between the debit and the credit amount of an external voucher that is not in balance.

Debit or credit posting: When the debit amount exceeds the credit amount, it will be a credit posting. When the credit amount exceeds the debit amount, it will be a debit posting.

7. IFS/Supplier Invoicing Workflow

7.1 IFS/Supplier Invoicing Workflow - Existing Posting Types

Posting Type	Description	Requires Ledger Account
SP1	Tolerance Posting	No
SP2	Zero Posting	No
SP3	Preliminary Cost - Advance Invoice	Yes

7.2 IFS/Supplier Invoicing Workflow -  Available Control Types

Control Type	Description	Data Controlled by
AC1	Fixed Value	IFS Accounting Rules
AC4	Country Code	IFS Accounting Rules
AC5	User Group	IFS Accounting Rules
IC1	Supplier Group	IFS Invoice
IC5	Preliminary Code	IFS Invoice
IC6	Authorizer	IFS Invoice
C30	Supplier Group for Supplier	IFS Purchasing

 

7.3 IFS/Supplier Invoicing Workflow - Allowed Combinations of Posting Types and Control Types

Posting Type	Description	AC1	AC4	AC5	IC1	IC5	IC6	C30
SP1	Tolerance Posting	X						X
SP2	Zero Posting	X
SP3	Preliminary Cost - Advance Invoice	X	X	X	X	X	X

 

7.4 IFS/Supplier Invoicing Workflow - Connections between Posting Types and System Events

SP1 Description of use: When matching invoices automatically with purchase orders, the difference in the amount between the two (if any) will be posted to SP1. 

SP2 Description of use: When creating a supplier invoice a zero posting line is created based on posting type SP2 in the instance where:

• A Supplier Invoice(s) has zero amounts in all fields.
• A Supplier Invoice(s) has a net amount of zero and where the tax amount is greater than zero with just one invoice line.

SP3 Description of use: Preliminary Supplier Invoice and Manual Supplier Invoice window. When posting a preliminary advance supplier invoice, this posting type will be used in order to post the provisional cost to the relevant statistical account. The same account (not the posting type) will be used when creating a posting line based on posting type IP18 in the finally posted statistical account. Which means SP3 will be created initially and when posting, it will be posted to IP18 and as a result SP3 will be reversed in order to balance the preliminary cost for the advance invoice. The purpose of SP3 is to first have the invoice preliminarily posted in order to authorize the final posting for IP18.

Debit or credit posting: When it is a debit invoice, a debit invoice in the preliminary posting and a credit invoice in the final posting

7.5 IFS/Supplier Invoicing Workflow - Business Events

Match PO Automatically with Invoice

SP1 Description of use: When matching supplier invoices with purchase orders automatically, and if any difference is found between the purchase order amount and the supplier invoice amount that is matched with the purchase order, the difference will be treated as a tolerance amount. This posting type is used to post the difference.

Debit or credit posting: Tolerance amounts are posted as debits or credits, depending if it is a positive or negative tolerance amount.

Create Zero Amount Invoice

SP2 Description of use: Posting Proposal window. This posting type is used to create a zero posting automatically when creating a supplier invoice in the following cases:

• Supplier Invoices with zero amounts in all fields
• Supplier Invoices where net amount is zero and tax amount is greater than zero with just one invoice line

Supplier Preliminary Advance Invoice - Entry

SP3 Description of use: Preliminary Advance Invoice. window. When posting a preliminary advance supplier invoice, this posting type will be used in order to post the provisional cost to the relevant statistical account. The same account (not the posting type) will be used when creating a posting line based on posting type IP18 in the finally posted statistical account. Which means SP3 will be created initially and when posting, it will be posted to IP18 and as a result SP3 will be reversed in order to balance the preliminary cost for the advance invoice.

Debit or credit posting: When it is a debit invoice, a debit invoice in the preliminary posting and a credit invoice in the final posting.

Final Posting of Posting Proposal

SP3 Description of use: Posting Proposal and Final Posting Proposals window. When performing a final posting of an advance invoice, the account used in posting type SP3 in the preliminary posting will be used again in order to balance the provisional cost when creating posting line based on posting type IP18. This second time it will be posted on the reverse side in order to balance the preliminary posting.

8. IFS/Group Consolidation

8.1 IFS/Group Consolidation - Existing Posting Types

Posting Type	Description	Requires Ledger Account
GCP1	Reporting Company Profit/Loss, Balance Sheet	No
GCP2	Reporting Company Profit/Loss, Income Statement	No
GCP3	Currency Differences Profit/Loss Adjustment, Balance Sheet	No
GCP4	Currency Differences Profit/Loss Adjustment, Balance Sheet Counter Posting	No
GCP5	Equity Majority Profit/Loss Adjustment, Balance Sheet	No
GCP6	Equity Majority Profit/Loss Adjustment, Balance Sheet Counter Posting	No
GCP7	Equity Minority Profit/Loss Adjustment, Balance Sheet	No
GCP8	Equity Minority Profit/Loss Adjustment, Income Statement	No
GCP9	Intercompany Elimination	No
GCP10	Intercompany Elimination, Matching Account	No
GCP11	Intercompany Elimination Difference	No
GCP12	Rounding Difference, Balance Sheet	No
GCP13	Rounding Difference, Income Statement	No
GCP14	Equity Majority Profit/Loss Adjustment, Income Statement	No
GCP15	Equity Majority Profit/Loss Adjustment, Income Statement Counter Posting	No
GCP16	Parallel Dimension Elimination Difference, Balance Sheet	No
GCP17	Parallel Dimension Elimination Difference, Income Statement	No
GCP18	Accumulated Amortization of Overvalues, Balance Sheet	No
GCP19	Amortization of Overvalues, Income Statement	No
GCP20	Equity Elimination Exchange Difference, Balance Sheet	No
GCP21	Equity Elimination Exchange Difference, Balance Sheet Counter Posting	No
GCP22	Profit/Loss Brought Forward From Preceding Year, Balance Sheet	No

 

8.2 IFS/Group Consolidation - Existing Control Types

Control Type	Description	Data Controlled by
AC1	Fixed Value	IFS Accounting Rules
GCC1	Intercompany Elimination Rule	IFS Group Consolidation
GCC2	Equity Elimination Type	IFS Group Consolidation

 

8.3 IFS/Group Consolidation - Allowed Combinations of Posting Types and Control Types