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<ManualTopic ID="/baanerp/tf/onlinemanual/000027" xml:lang="en">
   <Header>
      <Title>Financial business partner group ledger accounts</Title>
      <Keyword type="header" order="d1e1628994">
         <Level1>Financial business partner group</Level1>
         <Level2>ledger accounts</Level2>
      </Keyword>
      <Keyword type="header" order="d1e1628999">
         <Level1>Ledger accounts</Level1>
         <Level2>financial business partner group</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</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</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</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 Cur. Profit</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 Cur. Loss</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</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</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</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</SectionTitle>
      <Paragraph>Purchase invoices are
		posted to this account when you enter the purchase invoices that are related to
		orders in <GUIRef href="/baanerp/procurement" role="package">Procurement</GUIRef>.</Paragraph>
      <Paragraph>This account is debited
		when purchase invoices that are related to orders are entered in LN and the invoice
		status is set to <GUIRef href="/baanerp/tf/domains/acp.stap#registered" role="option">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>
      <Paragraph>This account only exists
		for accounts payable.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Anticipated Payments and Anticipated Receipts</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. LN books anticipated transactions to this
		account if <GUIRef href="/baanerp/tf/domains/cmg.tacc#ant.supplier" role="option">Anticipated Payments</GUIRef> or <GUIRef href="/baanerp/tf/domains/cmg.tacc#ant.customer" role="option">Anticipated Receipts</GUIRef> has been selected in the <GUIRef href="/baanerp/tf/cmg/tfcmg0146s000#tfcmg007.tacc" role="manual">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 <GUIRef href="/baanerp/tf/domains/cmg.stst#anticipated" role="option">Anticipated</GUIRef> to <GUIRef href="/baanerp/tf/domains/gld.prop#final" role="option">Final</GUIRef>,
		the amounts are transferred to the control account.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Deductions Anticipated Payments and Deductions Ant. Receipts</SectionTitle>
      <Paragraph>The use of this account
		depends on the setting of the <GUIRef href="/baanerp/tf/cmg/tfcmg0146s000#tfcmg007.pode" role="manual">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</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="manual">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</SectionTitle>
      <Paragraph>If the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.advp" role="manual">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</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/tfacp0100m000" role="session">ACP Parameters (tfacp0100m000)</GUIRef> session.</Paragraph>
      <Paragraph>This account only exists
		for accounts payable.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Unallocated Payments and Unallocated Receipts</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</SectionTitle>
      <Paragraph> 
         <Link href="/baanerp/td/glossary/glossary#Commission_td" role="glossary">Commissions</Link> are posted to
		this account.</Paragraph>
      <Paragraph>This account only exists
		for accounts payable.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Rebates</SectionTitle>
      <Paragraph> 
         <Link href="/baanerp/td/glossary/glossary#Rebate_td" role="glossary">Rebates</Link> are posted to this
		account.</Paragraph>
      <Paragraph>This account only exists
		for accounts receivable.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Doubtful Invoices</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>