{"id":2986,"date":"2020-11-06T04:51:58","date_gmt":"2020-11-06T04:51:58","guid":{"rendered":"https:\/\/impaxafrica.com\/?p=2986"},"modified":"2020-11-06T04:51:58","modified_gmt":"2020-11-06T04:51:58","slug":"understand-general-ledger-module-in-d365-bc","status":"publish","type":"post","link":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/2020\/11\/06\/understand-general-ledger-module-in-d365-bc\/","title":{"rendered":"Understand General ledger Module in D365 BC"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2986\" class=\"elementor elementor-2986\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-95ea001 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"95ea001\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e20529\" data-id=\"1e20529\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e807be elementor-widget elementor-widget-heading\" data-id=\"7e807be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Get to know GL today!!!!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e1ef0ff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e1ef0ff\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1639132\" data-id=\"1639132\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67fdc72 elementor-widget elementor-widget-text-editor\" data-id=\"67fdc72\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Use General ledger to define and manage the legal entity\u2019s financial records. The general ledger is a register of debit and credit entries. These entries are classified using the accounts that are listed in a chart of accounts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-08effbb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"08effbb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e921390\" data-id=\"e921390\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67af8de elementor-widget elementor-widget-text-editor\" data-id=\"67af8de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><a href=\"https:\/\/docs.microsoft.com\/en-us\/dynamics365\/finance\/general-ledger\/plan-chart-of-accounts\">Plan your chart of accounts<\/a><\/li><li><a href=\"https:\/\/docs.microsoft.com\/en-us\/dynamics365\/finance\/general-ledger\/main-account-types\">Main account types<\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7f3bd13\" data-id=\"7f3bd13\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-240def7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"240def7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0507113\" data-id=\"0507113\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59cbccf elementor-widget elementor-widget-text-editor\" data-id=\"59cbccf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>You can allocate, or distribute, monetary amounts to one or more accounts or account and dimension combinations based on allocation rules. There are two types of allocations: fixed and variable. You can also settle transactions between ledger accounts and revalue currency amounts. At the end of a fiscal year, you must generate closing transactions and prepare your accounts for the next fiscal year. You can use the consolidation functionality to combine the financial results for several subsidiary legal entities into results for a single, consolidated organization. The subsidiaries can be in the same database or in separate databases.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fa43b8d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fa43b8d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e1f7f42\" data-id=\"e1f7f42\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c08b8f3 elementor-widget elementor-widget-text-editor\" data-id=\"c08b8f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><a href=\"https:\/\/docs.microsoft.com\/en-us\/dynamics365\/finance\/budgeting\/consolidation-elimination-overview\">Consolidation and elimination overview<\/a><\/li><li><a href=\"https:\/\/docs.microsoft.com\/en-us\/dynamics365\/finance\/general-ledger\/general-ledger-account-balances\">General ledger account balances<\/a><\/li><li><a href=\"https:\/\/docs.microsoft.com\/en-us\/dynamics365\/finance\/general-ledger\/financial-dimensions\">Financial dimensions<\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ba6aa54\" data-id=\"ba6aa54\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-635218f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"635218f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-741f674\" data-id=\"741f674\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a49d936 elementor-widget elementor-widget-image\" data-id=\"a49d936\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/impaxafrica.com\/wp-content\/uploads\/2020\/11\/gl-process.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a978fe3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a978fe3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d7ab58\" data-id=\"9d7ab58\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9147bd4 elementor-widget elementor-widget-heading\" data-id=\"9147bd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Sales tax<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9dffdb8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9dffdb8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0cfc979\" data-id=\"0cfc979\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-266c41f elementor-widget elementor-widget-text-editor\" data-id=\"266c41f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tEvery company collects and pays taxes to various tax authorities. The rules and rates vary by country\/region, state, county, and city. In addition, the rules must be updated periodically when tax authorities change their requirements.\n\nSales tax codes contain the basic information about how much you collect and pay to the authorities. When you set up sales tax codes, you define the amounts or percentages that must be collected.\n\nYou also define the various methods by which those amounts or percentages are applied to transaction amounts. The topics in this section provide information about how to set up sales tax codes for the methods and rates that your tax authorities require.\n\n&nbsp;\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-8901008316199819\"\n     data-ad-slot=\"8142418593\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Get to know GL today!!!! Use General ledger to define and manage the legal entity\u2019s financial records. The general ledger is a register of debit and credit entries. These entries are classified using the accounts that are listed in a chart of accounts. Plan your chart of accounts Main account types You can allocate, or [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2988,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-impax-blogs"],"aioseo_notices":[],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Impax Blogger","author_link":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/author\/impax-blogger\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/category\/impax-blogs\/\" rel=\"category tag\">Blog<\/a>","rttpg_excerpt":"Get to know GL today!!!! Use General ledger to define and manage the legal entity\u2019s financial records. The general ledger is a register of debit and credit entries. These entries are classified using the accounts that are listed in a chart of accounts. Plan your chart of accounts Main account types You can allocate, or&hellip;","_links":{"self":[{"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/posts\/2986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/comments?post=2986"}],"version-history":[{"count":0,"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/posts\/2986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/media?parent=2986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/categories?post=2986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/impaxafrica.com\/microsoft-solutions-partner-kenya\/wp-json\/wp\/v2\/tags?post=2986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}