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Apart from the application of customer and vendor ledger entries, a new functionality for general ledger entry application has been introduced. Application of G/L entries is typically used to allow companies to work with temporary and transfer accounts in the general ledger. Temporary and transfer accounts are used as a temporary "storage" and contain amounts (ledger entries) pending further processing. The new application functionality lets you match general expenses to distributed expenses (transferred earlier from a general account for all amounts) by using the new applying and unapplying functions, and lets companies see analytic subtotals for a specific date by using the new Open G/L Entries To Date or Inventory Account to Date reports.
The G/L entries structure has been redesigned by adding new storage for application information of a G/L entry. The Detailed G/L Entry table contains all entries related to the original G/L entry and stores the application amount, while the G/L Entry table contains the total of this amount in the Applied Amount field.
The Apply Entries and Unapply Entries functions on the General Ledger Entries page have been added to the user interface.
Partial application is allowed. The remaining amount for applying is shown on the G/L entry. You can apply G/L entries before posting the general journal or the cash desk.
You can run batch application by using the G/L Entry Applying report.