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Accounting

Edited:

The Accounting Card in Freight, Storage, and Activity Rates helps define what Tax Rate and optionally what Revenue Account and Cost Centre to allocate to the transaction that may eventually be generated from the rate.

  Revenue Accounts and Cost Centres are an add-on to your subscription.  If you don't see them you may need to upgrade your subscription.

Revenue Account Source

This field will present three categories for you to choose from.

  1. No Revenue Account; or
  2. Use a revenue account from; or
  3. Select a revenue account

Use a Revenue Account from

This section will present several options.  The options may be different depending on the rate you are creating.  Options may include:

  • Activity Charge Type (for activity charges only)
  • Partner Default
  • Warehouse

If you choose to use the Revenue Account from the Activity Charge Type, then when a charge is created for consignment activity, Consignly will look at the activity charge type being charged.  It will then source the Revenue Account for the charge using whatever is assigned to that activity charge type at the time of creating the charge.

If you choose to use the Partner Default, then when a charge is created, Consignly will look at the Partner that the charge is being created for.  It will then source the Revenue Account using the default value set in the Financial Settings of the Partner.

If you choose to use the Warehouse, then when a charge is created, Consignly will look at the Warehouse that the charge is being created for.  It will then source the Revenue Account using the Revenue Account set on the Warehouse record.

  If the selected Revenue Account Source doesn't have a Revenue Account assigned to it, the charge will be created with no Revenue Account.

 

Select Revenue Account

You may choose to select a specific Revenue Account for this rate.  Any charges created from this rate will use the specific Revenue Account you have selected.

 

Cost Centre Source

This field will present three categories for you to choose from.

  1. No Cost Centre; or
  2. Use a Cost Centre from; or
  3. Select a Cost Centre

Use a Cost Centre from

This section will present several options.  Options may include:

  • Partner Default
  • Warehouse

If you choose to use the Partner Default, then when a charge is created, Consignly will look at the Partner that the charge is being created for.  It will then source the Cost Centre using the default value set in the Financial Settings of the Partner.

If you choose to use the Warehouse, then when a charge is created, Consignly will look at the Warehouse that the charge is being created for.  It will then source the Cost Centre using the Cost Centre set on the Warehouse record.

  If the selected Cost Centre Source doesn't have a Cost Centre assigned to it, the charge will be created with no Cost Centre.