Guidelines for Working with China Cash Flow Item in Journal Entries
This feature requires the China Localization SuiteApp
The following are guidelines for using the China Cash Flow Item field in creating Journal Entries:
-
Make sure that a bank account is selected in either Credit or Debit side of the transaction. Doing this ensures the transaction appears in the China Cash Flow Statement report.
-
For line items that do not involve bank accounts but are in the same journal entry with lines involving bank accounts (journal entries with mixed bank and non-bank lines):
-
If you enter positive credit or negative debit, and select a cash inflow classification item, then a positive amount will be collected.
-
If you enter positive credit or negative debit, and select a cash outflow classification item, then a negative amount will be collected.
-
If you enter negative credit or positive debit, and select a cash outflow classification item, then a positive amount will be collected.
-
If you enter negative credit or positive debit, and select a cash inflow classification item, then a negative amount will be collected.
-
If a Default Cash Inflow Item or a Default Cash Outflow Item is defined for your subsidiary, it will be automatically selected by default. You can change this as needed.
-
Related Topics
- China Help Topics
- China Terminology
- Setting Up China Localization
- Override VAT Invoice Type
- Override China Cash Flow Item
- Processing Red-Letter Invoices
- Generating China Voucher Printing Report
- Generating China VAT Transactions
- Importing VAT Transactions from the China Golden Tax System
- Financial Reports for China