Development Ledger Accounts Payable invoices

For Development Ledger Accounts Payable invoices, which instead of doing a single debit to one General Ledger account, MAY go over many based on the debit field of the cost centre used.

•      Debit - General Ledger A/c as per Debit of cost centre property

•      Debit - GST Paid

•      Credit - Trade Creditor

Using the following General Ledger accounts as

Cost Centre Properties

•      CC1 - Debit General Ledger A/c (999A)

•      CC2 - Debit General Ledger A/c (999B)

Other General Ledger Accounts

•      Trade Creditors - from supplier account group

•      Retentions Payable - from GJC defaults for retention

•      GST Paid - tax code setting as per system maintenance

•      Deferred WIP - from GJC Defaults for retention (only for retentions before tax)

•      Retentions Recoupment - from GJC Defaults for retention (only for Development Ledger linked Accounts Payable invoices)