Implicit and Explicit Postings

When you post transaction files in Vision, two types of posting occur: explicit postings and implicit postings. Both posting types affect your general ledger accounts.

Generally speaking, Vision posts one side of a general ledger entry explicitly, and the other implicitly. For journal entry transactions, you must specify both the debit and the credit entries.

Explicit Postings

When you create a transaction file in Vision and enter a transaction item, you enter the general ledger account to credit for the transaction amount. For example, when you enter an invoice, you identify the revenue account to be credited when you post the invoice transaction file.

When you post the transaction file, Vision credits the accounts specified for each transaction in the transaction file.

Implicit Postings

When you install Vision, you specify which general ledger accounts to debit or credit when you post different types of transactions. When you post transaction files, Vision debits or credits the appropriate accounts, based on the type of transaction you post.

For example, when you install Vision, you establish at least one automatic posting account for accounts receivable. When you post an invoice, Vision explicitly credits the revenue account that you specified in the transaction file, and implicitly debits the accounts receivable automatic posting account specified in Vision Accounting Configuration.