Employee Repayments
Use Employee Repayments to record repayments for travel and automobile expenses, or whenever an employee needs to file a repayment report.
Posting
During an employee repayment posting, Vantagepoint:
- Debits explicitly the amount specified on each detail line to the specified account.
- Credits implicitly the account specified in the Employee Expense in the Debit and Credit Distribution Organization grid in .
Posting Log
Use a posting log to view information about a batch of transactions. Vantagepoint produces a posting log each time that you post a transaction file.
In addition to the posting log, Vantagepoint generates a General Ledger summary for employee repayments. This report lists the general ledger accounts that were affected by the posting. The report shows the total amounts debited and credited to each account.
- Related Topics:
- Fields and Options
You create and work with employee repayment transaction files on the Employee Repayments details form and related dialog boxes.
Parent Topic: Transaction Entry