Accrual Accounting Method

CR - Credit

DR - Debit

Fees

TRANSACTION DESCRIPTION	REQUIRED G/L ACCOUNTS
	REGULAR CASH ASSET	PREPAID CASH ASSET	PREPAID CASH LIABILITY	FEES INCOME	FEES UNBILLED	FEES A/R	FEES ADJUSTMENTS
Add Entry - Positive				CR	DR
Add Entry - Negative				CR	CR
Adjust Entry	Adjusting entries reverse the original entries for the transaction and adds new entries according to the adjustment made.
Credit Memo - Positive						DR	CR
Credit Memo - Negative						CR	DR
Cash Receipt - Positive	DR					CR
Cash Receipt - Negative	CR					DR
Delete Entry	Delete entries reverse original entries.
Manual Bill - Positive				CR		DR
Manual Bill - Negative				DR		CR
Markdown/Discount					CR		DR
Markup					DR		CR
Prepaid Applied			DR			CR
Prepaid Deposit - Positive		DR	CR
Prepaid Deposit - Negative		CR	DR
Post Bill - Positive					CR	DR
Post Bill - Negative					DR	CR

Expenses

TRANSACTION DESCRIPTION	REQUIRED G/L ACCOUNTS
	REGULAR CASH ASSET	PREPAID CASH ASSET	PREPAID CASH LIABILITY	EXPENSES INCOME OFFSET	EXPENSES UNBILLED	EXPENSES A/R	EXPENSES ADJUSTMENT
Add Entry - Positive				CR	DR
Add Entry - Negative				DR	CR
Adjust Entry	Adjusting entries reverse the original entries for the transaction and adds new entries according to the adjustment made.
Credit Memo - Positive						DR	CR
Credit Memo - Negative						CR	DR
Cash Receipt - Positive	DR					CR
Cash Receipt - Negative	CR					DR
Delete Entry	Delete entries reverse original entries.
Manual Bill - Positive				CR		DR
Manual Bill - Negative				DR		CR
Markdown/Discount					CR		DR
Markup					DR		CR
Prepaid Applied			DR			CR
Prepaid Deposit - Positive		DR	CR
Prepaid Deposit - Negative		CR	DR
Post Bill - Positive					CR	DR
Post Bill - Negative					DR	CR

Taxes

TRANSACTION DESCRIPTION	REQUIRED G/L ACCOUNTS
	REGULAR CASH ASSET	PREPAID CASH ASSET	PREPAID CASH LIABILITY	TAX  LIABILITY	TAX A/R
Add Entry - Positive
Add Entry - Negative
Adjust Entry	Adjusting entries reverse the original entries for the transaction and adds new entries according to the adjustment made.
Credit Memo - Positive				CR	DR
Credit Memo - Negative				DR	CR
Cash Receipt - Positive	DR				CR
Cash Receipt - Negative	CR				DR
Delete Entry	Delete entries reverse original entries.
Manual Bill - Positive				CR	DR
Manual Bill - Negative				DR	CR
Markdown/Discount
Markup
Prepaid Applied			DR		CR
Prepaid Deposit - Positive		DR	CR
Prepaid Deposit - Negative		CR	DR
Post Bill - Positive				CR	DR
Post Bill - Negative				DR	CR

Interest

TRANSACTION DESCRIPTION	REQUIRED G/L ACCOUNTS
	REGULAR CASH ASSET	PREPAID CASH ASSET	PREPAID CASH LIABILITY	INTEREST/ /SURCHARGE INCOME	INTEREST/ SURCHARGE A/R	INTEREST/ SURCHARGE ADJUSTMENTS
Add Entry - Positive
Add Entry - Negative
Adjust Entry	Adjusting entries reverse the original entries for the transaction and adds new entries according to the adjustment made.
Credit Memo - Positive					DR	CR
Credit Memo - Negative					CR	DR
Cash Receipt - Positive	DR				CR
Cash Receipt - Negative	CR				DR
Delete Entry	Delete entries reverse original entries.
Manual Bill - Positive				CR	DR
Manual Bill - Negative				DR	CR
Markdown/Discount
Markup
Prepaid Applied			DR		CR
Prepaid Deposit - Positive		DR	CR
Prepaid Deposit - Negative		CR	DR
Post Bill - Positive				CR	DR
Post Bill - Negative				DR	CR