Posting Keys

[former_member651102]

Dear Sir,

I am in implementation project

For uploading of asset we do

Posting Key- 70 Asset Dr

Posting key-50 Opening balance for Assets Cr

Same way for liabilities any other key is required or we can pass entries 50 posting key

Posting key – 50 Liabilities Cr

Posting key -40 opening balance for balance Sheet Dr

[former_member651102]

Hi,

thanks for suggestion I am looking for uploading of following balance

• Short-term loans
• Notes payable
• Accounts payable -Invoice/ Invoice delay
• Accrued payroll
• Accrued payroll
• Equity shares

I have aready uploaded vendor customer

[narasimhulu_konnipati]

Customer - 01

Vendor - 31

CR when Customer invoices upload is 50

DR when Vendor invoices upload is 40

The offset account could be the same or different

[Former Member]

Hi,

If you are uploading Vendor Liability, You should use 31 credit for vendors, and for other than vendors, its 50 (GL credit)

Thanks,

Jigar

[former_member651102]

Hi,

thanks for suggestion I am looking for uploading of following balance

• Short-term loans
• Notes payable
• Accounts payable -Invoice/ Invoice delay
• Accrued payroll
• Accrued payroll
• Equity shares

I have aready uploaded vendor customer

[narasimhulu_konnipati]

You can use the same key 50 for Credit.

Thanks

[former_member651102]

Hi,

thanks for suggestion I am looking for uploading of following balance

• Short-term loans
• Notes payable
• Accounts payable -Invoice/ Invoice delay
• Accrued payroll
• Accrued payroll
• Equity shares

I have aready uploaded vendor customer