Automatic transactions are transaction postings that happen automatically, with a standard associated transaction. For example, if you post a currency transaction, this may have a rounding difference (controlled within the General Ledger parameters) that will post to the ‘Currency Rounding’ account for automatic transactions.
The standard GYDE365 Chart of Accounts has pre-defined accounts against each posting type, as listed below.
| Posting Type | Main Account per GYDE365 Standard Chart of Accounts | Name |
|---|---|---|
| Penny difference in reporting currency | 618160 | Rounding Difference |
| Error account | 999999 | Error Account |
| Penny difference in accounting currency | 618160 | Rounding Difference |
| Year-end result | 300160 | Retained Earnings |
| Settlement discount | 403300 | Customer Cash Discounts Taken |
| Balance account for consolidation differences | 801200 | Gain & Loss – Revaluation |
| Profit and loss account for consolidation differences | 801200 | Gain & Loss – Revaluation |
| Customer settlement discount | 403300 | Customer Cash Discounts Taken |
| Customer invoice discount | 403160 | Customer Invoice Discounts |
| Supplier settlement discount | 520200 | Vendor Cash Discounts Taken |
| Supplier invoice discount | 520100 | Vendor Invoice Discounts |
| Order, freight | 600120 | Freight/Transportation In |
| Order fee | 403150 | Miscellaneous Charges |
| Order invoice rounding | 618160 | Rounding Difference |
| Supplier invoice rounding-off | 618160 | Rounding Difference |
| Purchase, fixed receipt price profit | 510400 | Fixed Receipt Price Inventory Adjustments |
| Interunit – debit | 133500 | Interunit Receivable |
| Interunit – credit | 231500 | Interunit Payable |