Type a description (name) for the distribution code, using up to 60 characters.
Using up to 6 alphanumeric characters, type a unique code that identifies a type of bank transaction.
If you are setting up Bank Services, add a code called SETUP.
Type or select the number of the General Ledger account to which offsetting entries for this distribution are made. For example, if the distribution is interest income earned on deposits, the General Ledger account would be Interest Income.
If you are adding a distribution code called SETUP, select the general ledger account number for the bank account.
Do not select accounts with the Post To Account field set as prohibited.
Select this option to set the distribution code inactive.
The date that the record became inactive displays in the date field beside the Inactive option.
The program automatically updates this field with the Windows system date when you save a new record or make changes to an existing record.
Use the Finder to select a tax authority that taxes transactions that use the distribution code.
For each tax authority specified for a distribution code, use the Finder for the Tax Class field to select an item tax class, then, in the Tax Included field, specify whether tax is included in the amount of a transaction.
In the Distribution Codes window, after selecting an item tax class for a tax authority that allows included taxes, double-click in the Tax Included field to change the default from to so that taxes are included in transactions that use the distribution code.