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<ManualTopic ID="/baanerp/tf/onlinemanual/000027" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Financial business partner group ledger accounts</Title>
		<Keyword><Level1>Financial business partner group</Level1>
			<Level2>ledger accounts</Level2>
		</Keyword>
	</Header>
	<GeneralSection><Paragraph>In addition to the debtors' and creditors' <Link href="/baanerp/tf/glossary/glossary#ControAccoun.tf" role="glossary">control accounts</Link>, specific ledger accounts are predefined for a number of transactions from the <GUIRef href="/baanerp/tf/acr" role="module">Accounts Receivable</GUIRef> module and the <GUIRef href="/baanerp/tf/acp" role="module">Accounts Payable</GUIRef> module.</Paragraph>
		<Paragraph>For each <Link href="/baanerp/tf/glossary/glossary#FinancCustom.tf" role="glossary">financial business-partner group</Link>, you must define the control accounts and the ledger account and the dimensions for each type of transaction. For details, refer to <Link href="/baanerp/tf/onlinemanual/000102" role="manual">Financial business partner groups</Link>.</Paragraph>
		<Note><SectionTitle>Note</SectionTitle>
			<Paragraph>Most kinds of transactions exist for both accounts payable and accounts receivable. A small number of transactions, however, are specific to either accounts payable or accounts receivable. If a transaction is specific to either accounts payable or accounts receivable, this is stated.</Paragraph>
		</Note>
		<Paragraph>Which accounts you can set up for a financial business partner group depends on the functionality that you use. For example, sets of control accounts exist for factoring, trade notes, and fixed assets. The commonly used control accounts for <GUIRef href="/baanerp/tf/acr" role="module">Accounts Receivable</GUIRef> and <GUIRef href="/baanerp/tf/acp" role="module">Accounts Payable</GUIRef> are described below.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Advance Payments-Tangible Assets and Advance Receipts account</SectionTitle>
		<Paragraph>The advance payments or advance receipts are posted to this account. This account is credited when advance receipts are booked and debited when the advance receipt is assigned to an invoice. These transactions are entered, for example, in the <GUIRef href="/baanerp/tf/cmg/tfcmg2100s000" role="session">Bank Transactions (tfcmg2100s000)</GUIRef> session.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Realized Currency Profit account</SectionTitle>
		<Paragraph>The realized currency profits are posted to this account. This account is used when a payment or receipt of an invoice in a foreign currency is processed. The <Link href="/baanerp/tc/glossary/glossary#ExchanRate.tc" role="glossary">exchange rate</Link> at the time of receipt is different from the exchange rate at the time of invoicing, which results in a currency profit.</Paragraph>
		<List><ListIntro>The realized currency profit is posted when:</ListIntro>
			<ListItem>An invoice is finally paid.</ListItem>
			<ListItem>Payment differences are written off.</ListItem>
			<ListItem>Advance payments or unallocated payments are assigned to an invoice.</ListItem>
		</List>
	</GeneralSection>
	<GeneralSection><SectionTitle>Realized Currency Loss account</SectionTitle>
		<Paragraph>The realized currency losses are posted to this account. This account is used when a payment or receipt of an invoice in a foreign currency is processed. The <Link href="/baanerp/tc/glossary/glossary#ExchanRate.tc" role="glossary">exchange rate</Link> at the time of receipt is different from the exchange rate at the time of invoicing, which results in a currency loss.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Unrealized Curr. Profit account</SectionTitle>
		<List><ListIntro>Currency profits are posted to this account. This account is used if:</ListIntro>
			<ListItem>An <Link href="/baanerp/tf/glossary/glossary#AnticiReceip.tf" role="glossary">anticipated payment/receipt</Link> is processed for an invoice with a foreign invoice currency.</ListItem>
			<ListItem>The exchange rate at the time of receipt is different from the exchange rate at the time of invoicing, resulting in a currency profit.</ListItem>
		</List>
		<List><ListItem>You write off <Link href="/baanerp/tf/glossary/glossary#CurrenDiffer.tf" role="glossary">currency differences</Link> by using the <GUIRef href="/baanerp/tf/acr/tfacr2250m000" role="session">Write Off Currency Differences (tfacr2250m000)</GUIRef> session or the <GUIRef href="/baanerp/tf/acp/tfacp2240m000" role="session">Write Off Currency Differences (tfacp2240m000)</GUIRef> session.</ListItem>
		</List>
		<List><ListIntro>The realized currency profit is posted when:</ListIntro>
			<ListItem>An invoice is finally paid.</ListItem>
			<ListItem>Payment differences are written off.</ListItem>
			<ListItem>Advance payments or unallocated payments are assigned to an invoice.</ListItem>
		</List>
		<Note><SectionTitle>Note</SectionTitle>
			<Paragraph>An unrealized currency profit is only posted if you specified this in the accounts payable or accounts receivable parameters.</Paragraph>
		</Note>
	</GeneralSection>
	<GeneralSection><SectionTitle>Unrealized Curr. Loss account</SectionTitle>
		<List><ListIntro>Currency losses are posted to this account. This account is used if:</ListIntro>
			<ListItem>An <Link href="/baanerp/tf/glossary/glossary#AnticiReceip.tf" role="glossary">anticipated payment/receipt</Link> is processed for an invoice with a foreign invoice currency</ListItem>
			<ListItem>The exchange rate at the time of receipt is different from the exchange rate at the time of invoicing, which results in a currency loss.</ListItem>
			<ListItem>You write off <Link href="/baanerp/tf/glossary/glossary#CurrenDiffer.tf" role="glossary">currency differences</Link> by using the <GUIRef href="/baanerp/tf/acr/tfacr2250m000" role="session">Write Off Currency Differences (tfacr2250m000)</GUIRef> session or the <GUIRef href="/baanerp/tf/acr/tfacr2240m000" role="session">Write Off Payment Differences (tfacr2240m000)</GUIRef> session.</ListItem>
		</List>
		<List><ListIntro>The realized currency loss is posted when:</ListIntro>
			<ListItem>An invoice is finally paid.</ListItem>
			<ListItem>Payment differences are written off.</ListItem>
			<ListItem>Advance payments or unallocated payments are assigned to an invoice.</ListItem>
		</List>
	</GeneralSection>
	<GeneralSection><SectionTitle>Payment Differences account</SectionTitle>
		<Paragraph><Link href="/baanerp/tf/glossary/glossary#PaymenDiffer.tf" role="glossary">Payment differences</Link> are posted to this account. Using the <GUIRef href="/baanerp/tf/acr/tfacr2240m000" role="session">Write Off Payment Differences (tfacr2240m000)</GUIRef> or <GUIRef href="/baanerp/tf/acp/tfacp2230m000" role="session">Write Off Payment Differences (tfacp2230m000)</GUIRef> session small differences can be written off automatically.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Discount account</SectionTitle>
		<Paragraph>The discounts are posted to this account when you process receipts or payments that involve discounts.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Late Payment Surcharge account</SectionTitle>
		<Paragraph>The <Link href="/baanerp/tc/glossary/glossary#LatePaymenSu.tc" role="glossary">late-payment surcharge</Link> amounts are posted to this account when they are deducted in the <GUIRef href="/baanerp/tf/cmg/tfcmg2100s000" role="session">Bank Transactions (tfcmg2100s000)</GUIRef> session.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Invoice Receipts account</SectionTitle>
		<Paragraph>Purchase invoices are posted to this account when you enter the purchase invoices that are related to orders in</Paragraph>
		<Paragraph>This account is debited when purchase invoices that are related to orders are entered in SSA ERP and the invoice status is set to <GUIRef href="/baanerp/tf/domains/acp.stap#registered" role="enum">Registered</GUIRef>. The account is credited when the purchase invoice is approved. For details, refer to <Link href="/baanerp/tf/onlinemanual/000104" role="manual">To process purchase invoices</Link>.</Paragraph>
		<Note><SectionTitle>Note</SectionTitle>
			<Paragraph>This account only exists for <GUIRef href="/baanerp/tf/acp" role="module">Accounts Payable</GUIRef>.</Paragraph>
		</Note>
	</GeneralSection>
	<GeneralSection><SectionTitle>Anticipated Payments and Anticipated Receipts account</SectionTitle>
		<Paragraph>The <Link href="/baanerp/tf/glossary/glossary#AnticiPaymen.tf" role="glossary">anticipated payments</Link> and <Link href="/baanerp/tf/glossary/glossary#AnticiReceip.tf" role="glossary">anticipated receipts</Link> are posted to this account. SSA ERP books anticipated transactions to this account if <GUIRef href="/baanerp/tf/domains/cmg.tacc#ant.supplier" role="enum">Anticipated Payments</GUIRef> or <GUIRef href="/baanerp/tf/domains/cmg.tacc#ant.customer" role="enum">Anticipated Receipts</GUIRef> has been selected in the <GUIRef href="/baanerp/tf/cmg/tfcmg0146s000#tfcmg007.tacc" role="formfield">Account Type</GUIRef> field of the <GUIRef href="/baanerp/tf/cmg/tfcmg0146s000" role="session">Posting Data by Bank/Payment Method (tfcmg0146s000)</GUIRef> session. When the receipt status is switched from Anticipated to Final, the amounts are transferred to the control account.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Deductions Ant. Payments and Deductions Ant. Receipts account</SectionTitle>
		<Paragraph>The use of this account depends on the setting of the <GUIRef href="/baanerp/tf/cmg/tfcmg0146s000#tfcmg007.pode" role="formfield">Deductions</GUIRef> field of the <GUIRef href="/baanerp/tf/cmg/tfcmg0146s000" role="session">Posting Data by Bank/Payment Method (tfcmg0146s000)</GUIRef> session.</Paragraph>
		<Paragraph>As long as the payment or receipt is not reconciled (in other words, its status is anticipated), you can store all deductions (discounts, late payment surcharges, and payment differences) on this ledger account.</Paragraph>
		<Paragraph>As long as the payment or receipt is anticipated, the different possible deductions are not posted to the final accounts for discounts, late payment surcharges, or payment differences, but are posted together to this interim account. When the payment or receipt is reconciled, the deductions are posted from this interim account to the final accounts.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Net Advance Payments-Tangible Assets and Net Advance Receipts account</SectionTitle>
		<Paragraph>In some countries, for example Germany, tax must be paid on large advance payments/receipts. The paid amount without tax is posted to this account.</Paragraph>
		<Note><SectionTitle>Note</SectionTitle>
			<Paragraph>To charge tax on advance payments/receipts, select the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.advp" role="formfield">Calculate Tax on Advance Payments/Receipts</GUIRef> check box in the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000" role="session">CMG Parameters (tfcmg0100s000)</GUIRef> session.</Paragraph>
		</Note>
	</GeneralSection>
	<GeneralSection><SectionTitle>Gross Advance Payments-Tangible Assets and Gross Advance Receipts account</SectionTitle>
		<Paragraph>If the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.advp" role="formfield">Calculate Tax on Advance Payments/Receipts</GUIRef> check box in the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000" role="session">CMG Parameters (tfcmg0100s000)</GUIRef> session is selected, tax is calculated on advance payments/receipts. The paid amount with tax added is posted to this account.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Price Differences account</SectionTitle>
		<Paragraph><Link href="/baanerp/tf/glossary/glossary#000024" role="glossary">Price differences</Link> are posted to this account. Price differences can occur during the automatic matching and approval of purchase invoices. These differences must lie within the margins that are defined in the <GUIRef href="/baanerp/tf/acp/tfacp0100s000" role="session">ACP Parameters (tfacp0100s000)</GUIRef> session.</Paragraph>
		<Note><SectionTitle>Note</SectionTitle>
			<Paragraph>This account only exists for the accounts payable.</Paragraph>
		</Note>
	</GeneralSection>
	<GeneralSection><SectionTitle>Unallocated Payments and Unallocated Receipts account</SectionTitle>
		<Paragraph><Link href="/baanerp/tf/glossary/glossary#000054" role="glossary">Unallocated payments/receipts</Link> are posted to this account. This account is debited when an unallocated payment or an unallocated receipt is booked, and credited when it is assigned to an invoice.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Commissions account</SectionTitle>
		<Paragraph><Link href="/baanerp/td/glossary/glossary#Commission.td" role="glossary">Commissions</Link> are posted to this account. This account only exists for the accounts payable.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Rebates account</SectionTitle>
		<Paragraph><Link href="/baanerp/td/glossary/glossary#Rebate.td" role="glossary">Rebates</Link> are posted to this account. This account only exists for the accounts receivable.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Doubtful Invoices account</SectionTitle>
		<Paragraph><Link href="/baanerp/tf/glossary/glossary#DoubtfInvoic.tf" role="glossary">Doubtful invoices</Link> are posted to this account. This account only exists for the accounts receivable.</Paragraph>
		<Note><SectionTitle>Note</SectionTitle>
			<Paragraph>If you think an invoice is not going to be paid, you can post the invoice as doubtful using an invoice correction. This invoice is credited from the normal control account and posted to the doubtful invoices account.</Paragraph>
		</Note>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000107" role="manual">Currency differences</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000025" role="manual">Credit control</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000031" role="manual">Interest calculation on overdue invoices</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000108" role="manual">Default amounts for bank transactions</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
