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монголOffset Codes
Fri, 2018-05-11 08:41 — santoshkumar
Overview
Offset codes help users to input for double entry bookkeeping. Double entry bookkeeping requires that there is a balance between debits and credits. A Government COA can be difficult for users. The debit or the credit may be obvious based on the context of revenue or expenditure.
FreeBalance Financials supports the concept of GL Offset codes where some codes can have default adjusting entries (debit/credit). This aids usability and prevents errors.
Navigation
Admin ► Chart of Accounts ► Offset Codes
Offset Code screen Fields
Field | Description |
Code | Unique identification code entered by users. |
Active | Default value is true. If the user changes it to false, then the Transaction Group Offset code cannot be used again for new transactions. It will remain as a reference for reporting purposes. |
Currency | This field allows the user to select the Currency of the Offset Code. The default is Domestic Currency. If left empty, then it can be used with any currency. |
CoA | CoA to which the offset code belongs to. |
CoA Group | CoA Group to which the offset code belongs to. |
| Accounting Item | System must show all elements, from predefined Segment equals to object code, must take the lowest concept of the COA in the budget Execution CoaGroup. |
UACS | List of Coding Blocks Which Belong to the Offset Code entity. |
| Abbreviation | Short form of Offset code. |
Description | Description of Offset code. |