Project Expense Posting Setup
A Project Expense Posting Setup is required for each combination of an Expense Payment Type and Expense Code used for an Expense Sheet or Purchase Invoice. The setup defines the default Posting Accounts used when the Expense Sheet line is posted to the General Ledger.
To create a new Project Expense Posting Setup entry:
Navigate to the Role Center >Actions > Setup > Items & Expenses Setup > Project Exp Posting Setup.
Select New from the ribbon.
| Field Name | Description |
|---|---|
| Start Date |
Enter the date this Posting Setup should take effect. |
| Project No. | Select a Project or leave it blank for all. |
| Task Code | Select a Task for the Project or leave it blank for all. |
| Expense Code | Enter the Expense Code to which this Posting Setup applies. |
| Payment Type | Select the Payment Type for this Posting Setup. |
| Debit Expense Account | Specifies the Account that should be debited on posting. |
| GL Credit Offset Account | Specifies the G/L Account that should be credited on posting. A Credit Account is only required for Payment Types that post to the General Ledger. Accounts Payable and Purchase Journal Payment Types will credit the AP Account for the Vendor. |
| Credit Card Expense Debit | Select the G/L Account to use for Credit Card fee posting. |