Adjusting Journal Entry - Line Types

The Type column in the Adjusting Journal Entry line items section designates the type of account that the adjustment is for.

See the article for Adjusting Journal Entries if you're looking for a more general understanding of how these entries work.

Select a Line Type

Select a Line Type
  1. To enter a new line entry, click on the + symbol.
  2. Type the @ symbol, then <tab>, in the Type field to bring up a list of Line Types to choose from.
  3. Highlight a Line Type and click Select.

*The value in the GL Account Name field will depend on the Line Type.

AIP: GL Account Name is a Vendor Name.

AV will display a list of un-Vouchered Accrued Inventory Payable items for adjustment.

CLI: GL Account Name is the Client Name.

AV will display a list of Client Accounts Receivable items for adjustment.

DEF: GL Account Name is the Product Number.

AV will prompt you for a Warehouse, and then a Lot to adjust the Deferred Revenue account.

GL: GL Account Name is the GL Account Name.

     This is the default Line Type.

INV: GL Account Name is the Product's Part Number.

AV will prompt you for a Warehouse, and then a Lot to adjust the Inventory Asset account. Note: This allows you to adjust the value of on-hand inventory without adjusting the quantity.

VEND: GL Account Name is the Vendor Name.

AV will display a list of Vendor Accounts Payable items for adjustment.

The table below represents the order of data entry for each type of adjustment. This is the same data represented above, just in a different format.

Type Order of data entry
AIP Vendor Name -> select Unvouchered Accrued Inventory Payable
CLI Client Name -> select Open Accounts Receivable (or enter closed A/R Document ID to reopen)
DEF Part Number -> select Warehouse -> select Lot to be adjusted
GL GL Account Name (default line type, no special instructions)
INV Part Number -> select Warehouse -> select Lot to be adjusted
VEND Vendor Name -> select Open Accounts Payable (or enter closed A/P Document ID to reopen)