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Accounting period is the period between the beginning and completion of the accounting process. "Current Account Type" determines which accounting account the transaction amount will be recorded in purchase, sale, payment and collection transactions. Independent commercial relationships can be carried out with customers or suppliers by associating them with more than one accounting period and the current account type selected depending on the transaction made. Current account type also serves to group current transaction records. Current statements of corporate and individual accounts can be obtained according to current account types. Depending on the selected current account type, a trial balance can be obtained by accounting.

Current account type selections

Path: Corporate Accounts / Individual Accounts > Account Detail > Accounting Working Periods

Primarily Corporate / From the Accounting Periods field in the Individual Account detail. The current account types you want to work with are selected by going to the accounting details of the relevant company.

Standard Account: If you do not use more than one account or follow it under a single account, you can proceed through the standard account.
Consignment Sales Account: Consignment is a business that assumes the responsibility of selling goods without transfer of ownership. (Broker) is sent. It is selected if a consignment sales invoice is used.
Sales Account: This account is used to monitor the unsecured receivables arising from the sales of goods and services that constitute the field of activity of the business.
Purchase Account: This is the account in which the unsecured debts arising from the purchases of all kinds of goods and services related to the field of activity of the business are monitored. Unsecured commercial payables to partners, parent company, affiliates and subsidiaries must be shown in the footnotes of the balance sheet.
Guarantee Received Account: This is the account where the deposits and collateral values received in return for a receivable to be realized due to certain contracts are monitored in order to enable third parties to perform a certain job and return a value they have received.
Guarantee Given Account: It is the account in which the deposits and collateral values given by the business to third parties to be undertaken or to be taken back in return for a contract or other transactions are monitored.
Advances Received Account: The advances received account is the account in which the advances received by the business from third parties, both due to sales contracts and for other reasons, are monitored. Order advances received account is located under the "Advances Received" account group.
Advance Given Account: This is the account where advance payments made regarding tangible fixed assets ordered to be purchased domestically or abroad are monitored. It also includes expenses related to order advances.
Export Registered Sales Account: VATs postponed and to be canceled due to export registered sales are tracked under Other VAT. If desired, the export registered sales account can be followed instead of the current sales account.
Export Registered Purchase Account: VATs deferred and to be canceled due to export registered sales are monitored under Other VAT. If desired, the export registered purchase account can be followed instead of the current purchase account.

Transaction category selections

Path: Control Panel > BPM > Transaction Categories

After the accounting codes are defined, determining which transaction types will be used.

After defining the accounting account connections of Customers and Suppliers, it should be determined in which transaction types they will work. The transaction category detail to be used includes the same current account types defined in Customer-Suppliers. Selections are made in the Currentization / Accounting Preference field.

Details of the document to be recorded

Path: Related Document Detail > Current Account Pop-up > Page Settings

After making the relevant selections in the current account detail and transaction type If "Should Members be shown multiple according to Current Account Types" is selected as yes in the Current Account pop-up > xml settings in the processed document detail, the same current; as many as the defined current account type.

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Done After all the arrangements are made and the transaction is recorded, movement will be made to the accounts defined under the Accounting Working Periods of the Corporate / Individual account in the relevant document, according to the accounting account selected in the Currentization / Accounting Preference field in the Transaction category.

The details of the relevant records can be accessed through the current transactions and accounting transactions business objects.

Debit-Credit Breakdown and Current Account Statement along with current transactions and accounting transactions can be obtained on the basis of current account type and can be reported.

Attention:If an account definition assignment has not been made in the Corporate / Individual Account Accounting Period according to the selected Account type, a warning "The Accounting Code of the Employee or Member You Selected Has Not Been Selected! " will be displayed while processing the document.

Hint:If Current and Accounting Preference is not selected in the Transaction category, all transactions will be automatically transferred to the Standard Account.

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About Workcube Objects

Accounting Periods

Used to add accounting account links to corporate or individual members.

Type: Child WO Version: Catalsyt v11 Licence: Standard Author: Workcube Core